Rethinking Debt Sustainability in the Context of the Millennium Development Goals

BNL Quarterly Review, voI. LIX, no. 242, September 2006, pp. 225-48.

24 Pages Posted: 24 May 2012 Last revised: 30 May 2014

See all articles by Jan A. Kregel

Jan A. Kregel

Bard College - The Levy Economics Institute

Date Written: September 15, 2007

Abstract

The 2005 World Summit Outcome (United Nations, General Assembly 2005b, pp. 7-8) noted that debt relief can be an important source of capital for development. Since debt relief for developing countries is currently determined by assessments of what is considered a sustainable external debt burden, it underlined the importance of debt sustainability to the efforts to achieve national development goals, including the Millennium Development Goals (MDGs). It also called for the preparation and implementation in 2006 of national development strategies (NDS) to achieve the internationally agreed development goals and objectives, including the Millennium Development Goals

Keywords: debt sustainability

JEL Classification: F34, Q5, H6

Suggested Citation

Kregel, Jan A., Rethinking Debt Sustainability in the Context of the Millennium Development Goals (September 15, 2007). BNL Quarterly Review, voI. LIX, no. 242, September 2006, pp. 225-48.. Available at SSRN: https://ssrn.com/abstract=2065316

Jan A. Kregel (Contact Author)

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504
United States
845-758-7700 (Phone)
845-758-1149 (Fax)

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