Definition
Debt relief granted to a debtor government, such as in the case for the DRC, may result in more public resources available and, through the conditions attached to receiving the debt relief, can lead to increased social sector spending, in general, and higher education sector spending, in particular, and may also, given particular other conditions fulfilled, cause improved effectiveness of this spending in terms of improved outcome and impact indicators for education.
Introduction
On July 1, 2010, the Executive Boards of the IMF and World Bank jointly announced, under the so-called heavily indebted poor countries (HIPC) and multilateral debt relief initiatives (MDRI), to irrevocably grant the Democratic Republic of the Congo (DRC) external debt relief of about 12.3 billion USD (IMF 2010). Initiated in 1996, these debt relief programs basically aim to act as a mechanism to...
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Cassimon, D., Herdt, T.D., Marivoet, W., Verbeke, K. (2018). Use of Debt Relief for the Education Sector in the DRC. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3398-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3398-1
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