Rethinking FinanceAlternative voices for a new financial architecture

Although not all Heavily Indebted Poor countries (HIPC 1999) have benefited from the debt relief initiative and the subsequent Multilateral Debt Relief Initiative (MDRI 2005), these processes have left us with many enduring lessons. These lessons include the fundamental fact that such relief initiatives are not sustainable. The following might explain why: firstly they were creditor led, with decisions about who can and cannot get debt relief being made by creditors on premises that are sometim...