Debt Relief for Development Norway’s Plan of Action
Poor countries that have recently emerged from war and conflict have a special need for financial assistance. Reconstruction will require massive resources. These countries will have substantial import needs. At the same time, the weakened private sector will only be able to generate new revenues to a limited extent. In such cases, servicing external debt will complicate and delay reconstruction. Rapid, deep debt relief will often be essential. If countries are candidates for HIPC treatment, every effort should be made to ensure that they qualify for it.