A/HRC/23/37
increasing from 59 per cent of children in the early to mid 1990s to 83 per cent in 2010 in
the 19 completion point HIPCs for which data are available.30
31.
In Mauritania and Bolivia (Plurinational State of), attended births increased from 40
per cent to 60 and 70 per cent, respectively, presumably after funds from debt relief were
directed to the health sector. In Benin, Bolivia (Plurinational State of), Sao Tome and
Principe and the United Republic of Tanzania, debt relief savings were used to fund
schemes to educate mothers about nutrition and family planning. Similarly, Benin and
Niger used savings from debt relief to increase access to water.
32.
To the extent that it can be established that such increase in public expenditure is
attributable to increased fiscal space provided by debt relief, it can be argued that debt relief
has contributed to enhancing the conditions for the realization of human rights, such as the
rights to health, education, water and sanitation. Nevertheless, as the example of the
Plurinational State of Bolivia (see paras. 17-18 above) shows, causality is difficult to
establish. The problem is compounded by the fact that many recipient countries do not have
specific systems to manage and track spending from debt relief savings.
IV. Limitations of current debt relief initiatives
33.
The existing debt relief schemes have a number of shortcomings which, according to
one commentator, appear to indicate that they have “not been quite as successful as claimed
by the IMF and World Bank.” 31
A.
Creditor dominance
34.
A major criticism of the initiatives is that they are entirely creditor-driven and that
impoverished countries overburdened with debt have no choice but to accept the onerous
conditions imposed by creditors even where these are clearly not in their national interest.
With respect to debt sustainability assessments conducted by the World Bank and IMF, for
example, it has been asserted that given that these institutions are “the single most
important creditors – in quantitative or qualitative terms or both – to most [...] debtor
countries [...], the recovery value of these institution’s claims depends directly or indirectly
on their own assessment.”32
35.
In the Independent Expert’s opinion, creditor dominance of the existing debt relief
mechanisms is inconsistent with the principle of shared responsibility of creditors and
debtors for preventing and resolving unsustainable debt situations.
B.
A rigid definition of debt sustainability
36.
One of the most contested elements of current international debt relief initiatives is
the notion of “debt sustainability,” which has been defined narrowly by creditors according
to the ability of debtor countries to repay their debts in terms of their export earnings.
30
31
32
See IDA and IMF, “HIPC Initiative and MDRI Initiative: Status of implementation and proposals for
the future of the HIPC Initiative,” 8 November 2011.
Sarajuddin Isar, “Was the Highly Indebted Poor Countries Initiative (HIPC) a Success?”,
Consilience: The Journal of Sustainable Development, vol. 9, Iss. 1 (2012), pp. 107-122.
See Jürgen Kaiser, “Commentary on IMF/World Bank: Revisiting the Debt Sustainability Framework
for Low-Income Countries,” erlassjahr.de Working Paper (Updated version), 9 February 2012, p. 1.
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