debt relief for low-income countries has become an important political issue. Rock stars and politicians rightly point to the overwhelming burden borne by poor countries who have to set aside a ...

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Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held ...

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The World Bank's debt relief work is divided into two main categories: Commercial Debt. In 1989, the Boards of IBRD and IDA approved the Debt Reduction Facility (DRF) for IDA-only countries funds, ...