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The Multilateral Debt Relief Initiative (CRS Report for Congress)

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Release Date Revised June 11, 2012
Report Number RS22534
Report Type Report
Authors Martin A. Weiss, Specialist in International Trade and Finance
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised April 1, 2008 (6 pages, $24.95) add
  • Premium   Aug. 20, 2007 (6 pages, $24.95) add
Summary:

In June 2005, G8 finance ministers proposed the new Multilateral Debt Relief Initiative (MDRI). The MDRI proposes to cancel debts of some of the world's poorest countries owed to the International Monetary Fund, World Bank, and African Development Bank. This report discusses MDRI's implementation and raises some issues regarding debt relief's effectiveness as a form of foreign assistance for possible congressional consideration. It will be updated as events warrant.