against the IMF's austerity policies towards developing nations. Representatives from Third World countries called for debtcancellation, and others advocated
money, while the IMF suggested less state spending to stop the government's ongoing need to keep borrowing more and more. As the debt pile grew, it became
not the IMF. He also notes that IMF loan conditions should be paired with other reforms—e.g., trade reform in developed nations, debtcancellation, and increased
90% debtcancellation. Non-HIPC countries are assessed on a case-by-case basis. Non-HIPC countries seeking debt relief first undergo an IMFdebt sustainability
the IMF in the second quarter of 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with high public debt. In