After a massive international campaign calling attention to the
development impact of foreign debt, the Heavily Indebted Poor Countries
(HIPC) initiative is now underway. But will the HIPC Initiative meet its
high expectations? Will debt relief substantially raise growth? How do
we make sure that debt relief benefits poor people? And how can we
ensure that poor countries do not become highly indebted again? These
are some of the key policy issues covered in this rigorous and
independent analysis of debt, development, and poverty.