0 the situation in which a bank or a government tells a person, a company, or a government that they do not have to pay back the money they owe:
1 the situation when a foreign country is allowed to reduce or not pay back the money that it owes to a government or bank:
However, those who campaign for debt relief, increased aid and direct budgetary support to solve the challenges of poverty and hunger, should take note.
This benchmark will grant the country access to substantial debt relief in future years.
In most instances, debt relief will be essential.
In particular, donors can commit to any future policy with respect to debt relief or subsidy.
It also suggests a supportive international environment, which includes debt relief, improved development assistance, and better access to the markets of the advanced industrial nations.
Facing seven governors refusing to sign, selective debt relief and, mostly, federal infrastructure investments were used by the national government to marshal subnational support.
So far, six countries have qualified for debt relief worth about $5.7 billion under the heavily indebted poor countries initiative.
We are clear that debt relief is a necessary but not a sufficient condition for consistent poverty reduction.
