The issue of debt relief has been clouded by the mechanisms by which the donor countries ‘relieve’ the debt from debtor countries. Typically, the debt is bought by third parties commonly known as vulture funds. In a two step process, the buy the debt from the poorer country at low prices and then sell the debt to the donor country at inflated prices and with interest accrued. Is there a better way to relieve debt? Should it involve third parties?
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