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The cancellation of debt? A placebo

After fifteen years, the results of the program for debt relief for poor countries are poor. In particular, there seems to have produced no positive effect on the growth rate of GDP, or a boom investments. Often simply because the debt is not the cause of poverty, which should be sought instead in the fragility of the institutions. Meanwhile, the growing importance of domestic debt. It would be better if international institutions and donor countries would help the debtor countries in the development of prudent macroeconomic management, especially taxation. Read the rest of the article on
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