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Debt distress in Low Income Countries calls for policy changes
According to the IMF, six countries that have benefitted from debt relief through the Heavily Indebted Poor Countries Initiative (HIPC) are now at high risk of entering into new debt distress. The high level of debt faced by post completion point HIPCs and other countries proves the need for radical changes in how debt sustainability is understood and in how debt crisis are addressed in the global financial architecture [...]