The Resource Developing countries : the United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown : report to congressional requesters., (electronic resource :)

Developing countries : the United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown : report to congressional requesters., (electronic resource :)

Label
Developing countries : the United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown : report to congressional requesters.
Title
Developing countries
Title remainder
the United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown : report to congressional requesters.
Title variation
  • United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown
  • Debt relief
Creator
Contributor
Subject
Genre
Language
eng
Summary
In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was created to provide debt relief to poor countries that had reached unsustainable levels of debt. In 2005, the Multilateral Debt Relief Initiative (MDRI) expanded upon the HIPC Initiative by eliminating additional debt owed to four international financial institutions (IFI): the International Monetary Fund (IMF), World Bank's International Development Association (IDA), African Development Fund (ADF), and Inter-American Development Bank (IaDB). These four IFIs are projected to provide $58 billion in total debt relief to 41 countries. GAO (1) analyzed the U.S. financing approach for debt relief efforts; (2) reviewed the extent to which MDRI might affect resources available to countries for poverty-reducing activities; and (3) assessed revisions to the analyses conducted by the World Bank and IMF to review and promote future debt sustainability. GAO analyzed Treasury, IFI, and country documents and data, and interviewed officials at Treasury and the four IFIs. To address limitations in the U.S. approach for financing MDRI, GAO recommends that the Secretary of the Treasury consider the use of different funding options, such as requesting separate appropriations from Congress. Treasury responded that it is open to considering alternative MDRI funding approaches in the future
Cataloging source
ESR
Government publication
federal national government publication
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://bibfra.me/vocab/lite/organizationName
United States
http://library.link/vocab/relatedWorkOrContributorName
Melito, Thomas
http://library.link/vocab/subjectName
  • United States
  • World Bank
  • International Monetary Fund
  • Debt relief
  • Debts, External
  • Economic assistance, American
Label
Developing countries : the United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown : report to congressional requesters., (electronic resource :)
Instantiates
Publication
Note
  • Title from title screen (viewed on Mar. 2, 2009)
  • "GAO contact, Thomas Melito" -- P. 78
  • "January 2009."
  • "GAO-09-162."
Bibliography note
Includes bibliographical references
Color
mixed
Dimensions
unknown
Extent
iv, 79 p.
Form of item
electronic
Other physical details
digital, PDF file.
Specific material designation
remote
System control number
(OCoLC)BOP311596290
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: Internet from GAO web site. Address as of 3/2/2009: http://www.gao.gov/new.items/d09162.pdf ; current access available via PURL
Label
Developing countries : the United States has not fully funded its share of debt relief, and the impact of debt relief on countries' poverty-reducing spending is unknown : report to congressional requesters., (electronic resource :)
Publication
Note
  • Title from title screen (viewed on Mar. 2, 2009)
  • "GAO contact, Thomas Melito" -- P. 78
  • "January 2009."
  • "GAO-09-162."
Bibliography note
Includes bibliographical references
Color
mixed
Dimensions
unknown
Extent
iv, 79 p.
Form of item
electronic
Other physical details
digital, PDF file.
Specific material designation
remote
System control number
(OCoLC)BOP311596290
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: Internet from GAO web site. Address as of 3/2/2009: http://www.gao.gov/new.items/d09162.pdf ; current access available via PURL

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