In Straight Talk, IMF Chief Economist Raghuram Rajan tackles one of the hottest issues in international economic circles: how to craft an optimal debt relief proposal for low-income countries. He says that the proposals currently on the table have a one-size-fitsall flavor, but this is unfortunate because "one-size-fits-all proposals, while politically more convenient, are unlikely to benefit recipient countries as much as proposals that tie debt relief and additional aid to a country's specific situation"-such as whether the government is corrupt and whether it has access to private markets. Incidentally, his previous column on odious debt has generated some strong reactions: see our Letters section.
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IMF. External Relations Dept. (2005) studied this question.