Number: RS22534
Title: The Multilateral Debt Relief Initiative
Authors: Martin A. Weiss, Foreign Affairs, Defense, and Trade Division 
Abstract: In June 2005, G8 finance ministers proposed the new Multilateral Debt Relief Initiative (MDRI). The MDRI proposes to cancel debts of some of the world's poorest countries owed to the International Monetary Fund, World Bank, and African Development Bank. This report discusses MDRI's implementation and raises some issues regarding debt relief's effectiveness as a form of foreign assistance for possible congressional consideration.
Pages: 6
Date: April 1, 2008