Delivering on debt relief : from IMF gold to a new aid architecture / Nancy Birdsall, John Williamson with Brian Deese.

Includes bibliographical references (pages 147-150) and index.

Group A versus Group B -- Expanding Debt Relief -- Reinventing the Aid Architecture -- Ten Questions about Debt and Debt Relief -- The HIPC Initiative: Background and Critiques -- The Heavily Indebted Poor Countries -- Recent Debt Relief Initiatives -- The Enhanced HIPC Framework -- Critiques of the Enhanced HIPC Initiative -- The Case for More -- Debt Sustainability -- The Millennium Development Goals -- What Form of More? -- Political Resonance -- Additionality -- Redistribution -- Efficiency -- Country Selectivity -- Deepening and Extending Debt Reduction -- Deeper Relief -- Making More Countries Eligible -- A Contingency Facility -- Financing More Debt Relief -- A New Aid Architecture -- The HIPC Procedure -- Grants, Not Just Loans -- Incremental Proposals to Increase Donor Accountability -- Donor Incentives for Selectivity -- Exploiting Multilateralism: The Common Pool -- Sovereign Debt: Building on the HIPC Initiative -- Whether to Extend More Debt Relief -- How to Extend the HIPC Initiative -- Cost of the Extensions -- Toward a New Aid Architecture -- Multilateral Institutions Participating in the HIPC Initiative -- Countries Classified by Income -- Odious Debt -- Resource flows to HIPCs and all developing countries, 1980-99 -- Growth in HIPCs and other developing countries, 1980-99 -- Heavily indebted poor countries -- Debt statistics for HIPC countries -- Project versus nonproject activity: Commitments of bilateral ODA to the HIPCs, 1973-99 -- Additional reduction needed for post-decision point HIPCs that are above the 2 percent threshold -- Cost to bring all non-decision point HIPCs below the 2 percent debt-to-GNP threshold -- Cost of Eurodad proposal for limiting debt service -- Debt indicators for potential HIPCs, 1999 -- Debt statistics for other low-income countries, 1999 -- Cost to bring all low-income countries below the 2 percent threshold for debt service to GNP and 150 percent threshold for debt to exports -- Hypothetical cost of contingency procedure -- Continued aid dependence of post-completion point HIPCs -- Odious debt: Commitments to countries considered "Not Free" and "Corrupt" -- Resource flows and other indicators for the Democratic Republic of Congo, 1970-99 -- Resource flows and other indicators for Kenya, 1970-99 -- Resource flows and other indicators for Nicaragua, 1970-99 -- Military and social spending by Nicaragua, 1979-99 -- Resource flows and other indicators for Pakistan, 1970-99 -- Resource flows and other indicators for Uganda, 1970-99 -- ODA loans to sub-Saharan Africa, 1970-99 -- World Bank and IMF loan disbursements to low-income countries, 1970-99 -- Debt ratios of HIPCs and other developing countries -- Evolution of ODA disbursements from EU countries, 1980-99 -- Breakdown of debt by creditor, nominal debt stock, 1999 -- Realized and projected annual growth rates, 1980-2015 -- Ratio of NPV of debt-to-export for HIPCs at the decision point, projections, and past export trends -- "Group of Eight" by Dan Wasserman -- Aid to low-income countries in per capita terms, 1990-99 -- The increasing aid coordination challenge -- Aid and debt, sub-Saharan Africa, 1977-87 and 1988-98 -- Cost estimates to public sector -- Authors' proposals -- The enhanced HIPC Initiative -- A short history of sovereign lending and default -- Debt initiatives -- The annual cost of achieving the Millennium Development Goals -- Aid accounting and debt relief -- The Central American Bank for Economic Integration -- The IMF's future role in development -- Aid does work -- if ... -- The PRSP challenge: Avoiding business as usual -- Assessing country performance: Selectivity using what measures?