Debt Relief Policies

Debt relief policies are strategies used by governments or financial institutions to help individuals or countries reduce their debt burdens. This can include forgiving part of the debt, extending repayment periods, lowering interest rates, or providing financial aid. The aim is to make debt more manageable, support economic stability, and promote growth or recovery. These policies are often implemented during financial crises or economic hardship to prevent default and ensure sustainable financial health for debtors.