In the wake of the financial crisis of 2008, governments worldwide undertook massive fiscal interventions to stave off what otherwise would have likely been a system-wide financial and economic meltdo
The history of debt relief goes back several decades. It reveals that a country’s accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-
The World Bank, the World Trade Organization, and the Organization for Economic Co-operation and Development collaborated on the research project, which culminated in a June 2005 symposium in Geneva,
