How have developed countries and international financial institutions responded to the escalating debt of many developing countries during the 1990s and even through today?

Question

Quizplus · Accepted Answer

Developed countries and international financial institutions have responded to the escalating debt of many developing countries by canceling large amounts of debt. This was done through debt relief initiatives such as the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI).

How Have Developed Countries and International Financial Institutions Responded to the Escalating