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Jul1
The Administration of Debt Relief by the International Financial Institutions: A Legal Reconstruction of the HIPC Initiative
Filed under: Debt Consolidation; Tagged as: administration, Binding Instrument, Case Study, Coordination, Creditor, Creditors, debt, debt relief, Debtors, financial, HIPC, Hipc Initiative, Hipc Program, Imf, Indebted Poor Countries, Initiative, Insolvency, Institutions, International, International Financial Institutions, International Monetary Fund, Legal, Mechanisms, Member States, Reconstruction, relief, Sovereign State, Study Addresses, World BankComments OffProduct Description
This study addresses the mechanisms of debt relief for Heavily Indebted Poor Countries (HIPC) jointly coordinated by the International Monetary Fund and the World Bank. It describes the content of the HIPC program and classifies it as a legally non-binding instrument under public international law. A case study on Ghana illustrates the HIPC relief process, sheds light on its implementation practice and provides insight into the collaboration between HIPC creditors and debtors. The study explains the process of creditor coordination and the ways in which IMF and World Bank succeeded to establish a sovereign state insolvency mechanism for their highly indebted member states…. More >> -
Jan13
Iraqi oil may rival Saudi Arabia
Filed under: International; Tagged as: Decade, Information Source, Iraq, Iraqi Oil, Oil Industry, Reconstruction, Rival, Saudi Arabia, Top Oil Producers, Verge, World OilComments OffIraq’s ravaged oil industry is on the verge of a major reconstruction and experts now believe that by the decade’s end it could rival the world’s top oil producers.



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