01831cas a2200253 a 4500 AALejournalIMF001698 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856446 1018-5941 BD-DhAAL BD-DhAAL Ross, Doris. Debt Relief Under the HIPC Initiative : Context and Outlook for Debt Sustainability and Resource Flow / Doris Ross, Lisandro Abrego. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses the Heavily Indebted Poor Countries (HIPC) Initiative in the perspective of sizable historical debt relief and large positive net resource flows to HIPCs. It argues that, by substantially reducing HIPCs' debt stocks and debt service payments, the Initiative provides a solid basis for debt sustainability and room for increased social spending. For poverty reduction, HIPC relief is important but broader international support is needed. The paper maintains that, as experience has shown, external support can be effective only if it reinforces sound policies implemented by HIPCs themselves. Thus, debt relief and official development assistance are critical as 'help for self-help.'. Mode of access: Internet Abrego, Lisandro. IMF Working Papers; Working Paper ; No. 2001/144 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/144/001.2001.issue-144-en.xml IMF e-Library