They provided financial resources and technical expertise which allowed Iceland to build and protect social support programs and forgive homeowner debt.
Their research does not include a look at what might happen to financial institutions or the overall economy if debt were totally forgiven. It only looks at how debt forgiveness would help the borrowers.
Under the plan, $100 million in relief would come directly from the IMF, while $70 million would come in the form of debt forgiveness by IMF member nations.
Some in US Congress have gone so far as to suggest forgiving up to $50,000 in debt per student borrower, but does forgiving student debt necessarily correlate to helping the economically disadvantaged?
It includes 170 million dollars in debt relief. The economies of Guinea, Liberia and Sierra Leone have suffered over the past year as the disease has spread.