External Debt and the Millennium Development Goals

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External Debt and the Millennium Development Goals

November 3, 2015

This second discussion paper on debt and Millennium Development Goals presents an innovative framework for restructuring payments on external debt. The proposed framework links debt payments to a country’s ability to meet the MDGs (or what countries can afford after their vital MDG expenditures have been met). It has significant implications for countries with high levels of debt and high MDG expenditure needs.