Debt and Sustainable Human Development

Technical Advisory Paper No. 4


Foreword, Preface, Table of Contents, and Executive Summary


1. The Debt Burden and Sustainable Human Development

Global Goals, Finance and Government Outputs
Magnitude of the HIPC Debt Crisis

2. Existing Mechanisms for Debt Restructuring

Commercial Bank Debt Relief: From the Baker Plan to the Brady Initiative
Bilateral Debt Relief: The Paris Club
The Heavily Indebted Poor Countries (HIPC) Initiative

3. Capacity-Building for Effective Debt Management

Institutional Environments and Human Resource Management
Software Design
Financing Capacity-Building
Linking Debt Management to Macroeconomic and Financial Policies

4. UNDP and Debt

Advocating Additional Debt Relief
The National Partnership Facility
Capacity-Building for Effective Debt Management

Annex 1. Human Development Approaches to Debt Sustainability
Annex 2. The National Partnership Facility
Appendices
References