Number: RL30214 Title: DEBT REDUCTION: INITIATIVES FOR THE MOST HEAVILY INDEBTED POOR COUNTRIES Authors: Larry Nowels, Foreign Affairs, Defense, and Trade Division Abstract: This report offers a broad overview of the debate concerning debt reduction for poor developing countries. It profiles the scope and structure of debt and reviews previous debt relief strategies and the current HIPC Initiative. It analyzes and compares competing alternatives endorsed by the Administration, congressional activists, NGOs, and other G-7 governments. Several key issues, such as costs, impact, and conditionality, of pending proposals are also assessed. Pages: 36 Date: Updated February 1, 2000