The Multilateral Debt Relief Initiative (MDRI) is a program established in 2005 that aims to provide substantial debt relief to the world's poorest countries by canceling their debts owed to international financial institutions. This initiative is designed to help eligible countries achieve sustainable development and reduce poverty by freeing up resources that can be redirected toward essential public services like education and healthcare. By addressing the issue of unsustainable debt levels, the MDRI contributes to debt sustainability and management efforts globally.
congrats on reading the definition of Multilateral Debt Relief Initiative (MDRI). now let's actually learn it.