Relief 'backfires'.

Position:Debt
 
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Is debt relief the way to revitalise impoverished African economies? No, says former World Bank economist, William Easterly, in a new study that shows that countries have replaced forgiven debt with new borrowings. "Heavily-indebted poor countries became heavily indebted after two decades of debt relief," he says. His findings claim that Uganda, Cameroon and 39 other countries were granted total debt write-offs of...

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