IDA-14--historic Advance Or Incremental Change in Debt and Development Policy: Hearing Before the Subcommittee on Domestic and International Monetary Policy, Trade and Technology of the Committee on Financial Services, U.S. House of Representatives, One Hundred Ninth Congress, First Session, September 27, 2005, Volume 4

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Page 38 - Benin, Bolivia, Burkina Faso, Ethiopia, Ghana, Guyana, Honduras, Madagascar, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, Senegal, Tanzania, Uganda, and Zambia.
Page 3 - I yield back the balance of my time. [The prepared statement of Hon. Carolyn B. Maloney can be found on page 33 in the appendix.] Chairman KING.
Page 36 - Committee on Financial Services Subcommittee on Domestic and International Monetary Policy, Trade and Technology "Matching Capital and Accountability — The Millennium Challenge Account...
Page 36 - ... resources spent, not the results achieved. Yet, pouring money into a failed status quo does little to help the poor, and can actually delay the progress of reform. We must accept a higher, more difficult, more promising call. Developed nations have a duty not only to share our wealth, but also to encourage sources that produce wealth: economic freedom, political liberty, the rule of law and human rights.
Page 40 - Third, at the country level, we focus on enhancing the transparency and accountability of recipient countries' governance systems and disclosure in MDB operations and analysis, and to channel MDB resources toward countries that have good governance in place.
Page 37 - For many of the poorest countries, there has been a history of repeated lend and forgive cycles. The HIPCs alone have accounted for nearly 250 debt relief treatments in the Paris Club over the last 25 years. This means that many countries have been getting debt reschedulings, or partial debt reduction, every two or three years. At the same time, the...
Page 38 - HLPCs and non-HIPCs - since all countries receive additional assistance commensurate with performance - and creates an incentive for countries to pursue responsible, pro-growth policies. Based upon existing performance levels, we estimate that roughly half of the additional contributions will be allocated to non-HIPC countries.
Page 37 - Account to deliver assistance to those countries that are helping themselves - by investing in the health and education needs of their people, fighting corruption, and demonstrating a commitment to economic freedom.
Page 43 - Letter to the President of the World Bank from the G8 Finance Ministers on the G8 Debt Proposal, Washington, 23 September 2005...
Page 9 - Third, at the country level, we will focus on enhancing the transparency and accountability of recipient countries' governance systems and disclosure in MDB operations and analysis, and to channel MDB resources...