Debt Relief for Poor Countries

PART I: EVALUATING DEBT RELIEF Introduction; T.Addison, H.Hansen & F.Tarp Debt Dynamics and Contingency Financing: Theoretical Reappraisal of the HIPC Initiative; M.Nissanke & B.Ferrarini Policy Selectivity Forgone: Debt and Donor Behaviour in Africa; N.Birdsall, S.Claessens & I.Diwan HIPC Debt Relief and Policy Reform Incentives; J-C.Berthélemy Resolving the HIPC Problem: Is Good Policy Enough? T.Addison & A.Rahman PART II: GROWTH EFFECTS OF DEBT RELIEF External Debt and Growth: Implications for HIPC Countries; C.Pattillo, H.Poirson & L.A.Ricci The Impact of External Aid and External Debt on Growth and Investment; H.Hansen External Debt, Growth and the HIPC Initiative: Is the Country Choice Too Narrow?; A.R.Chowdhury Debt Relief and Growth: A Study of Zambia and Tanzania; A.Bigsten, J.Levin & H.Persson PART III: POVERTY EFFECTS OF DEBT RELIEF Public Spending and Poverty in Mozambique; R.Heltberg, K.Simler & F.Tarp Debt Relief, Demand for Education, and Poverty; E.Dabla-Norris, J.M.Matovu & P.Wade Making Debt Relief Conditionality Pro-Poor; O.Morrissey

JEAN-CLAUDE BERTHÉLEMY Professor of Economics, University of Paris 1 Pantheon Sorbonne, FranceARNE BIGSTEN Professor of Development Economics, Göteborg University, SwedenNANCY BIRDSALL Founding President, Center for Global Development, Washington, USAABDUR R. CHOWDHURY Director, Economic Analysis Division, United Nations Commission for Europe, Geneva, SwitzerlandSTIJN CLAESSENS Professor of International Finance, University of Amsterdam, The NetherlandsERA DABLA-NORRIS International Monetary Fund, USAISHAC DIWAN Company Director for Ethiopia and Sudan, World Bank, USABENNO FERRARINI Director of Economic Research at the World Trade Institute, Switzerland RASMUS HELTBERG World Bank, USAJÖRGEN LEVIN Research Fellow, Örebo University, SwedenJOHN M. MATOVU International Monetary Fund, USAOLIVER MORRISSEY Director, Centre for Research in Economic Development and International Trade, University of Nottingham, UKMACHIKO NISSANKE Head of Economic Department, School of Oriental and AfricanStudies, University of London, UKCATHERINE PATTILLO Senior Economist, International Monetary Fund, USAHÅKAN PERSSON Associate Professor of Economics, Örebo University, SwedenHÉLÈNE POIRSON Economist, International Monetary Fund, USAAMINUR RAHMAN PhD candidate in economics, University College, London, UKLUCA ANTONIO RICCI International Monetary Fund, USAKENNTH SIMLER Research Fellow, International Food Policy Institute, Washington, USAPAUL WADE World Bank, USA