External Debt Histories Of Ten Low Income Developing Countries
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Author |
: Ray Brooks |
Publisher |
: |
Total Pages |
: 141 |
Release |
: 2006 |
ISBN-10 |
: OCLC:1291214799 |
ISBN-13 |
: |
Rating |
: 4/5 (99 Downloads) |
Synopsis External Debt Histories of Ten Low-Income Developing Countries by : Ray Brooks
The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending and refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions.
Author |
: Saqib Rizavi |
Publisher |
: International Monetary Fund |
Total Pages |
: 141 |
Release |
: 1998-05-01 |
ISBN-10 |
: 9781451849318 |
ISBN-13 |
: 1451849311 |
Rating |
: 4/5 (18 Downloads) |
Synopsis External Debt Histories of Ten Low-Income Developing Countries by : Saqib Rizavi
The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions.
Author |
: Boileau Loko |
Publisher |
: |
Total Pages |
: 32 |
Release |
: 2003 |
ISBN-10 |
: UCSD:31822033074055 |
ISBN-13 |
: |
Rating |
: 4/5 (55 Downloads) |
Synopsis The Impact of External Indebtedness on Poverty in Low-income Countries by : Boileau Loko
Author |
: Chuku Chuku |
Publisher |
: International Monetary Fund |
Total Pages |
: 41 |
Release |
: 2023-04-04 |
ISBN-10 |
: 9798400236709 |
ISBN-13 |
: |
Rating |
: 4/5 (09 Downloads) |
Synopsis Are We Heading for Another Debt Crisis in Low-Income Countries? Debt Vulnerabilities: Today Vs the Pre-HIPC Era by : Chuku Chuku
There are growing concerns that 25 years after the launch of the HIPC debt relief initiative, many low-income countries are again facing high debt vulnerabilities. This paper compares debt vulnerabilities in LICs today versus those on the eve of the HIPC Initiative and examines challenges to a similarly designed debt-relief framework. While solvency and liquidity indicators in most LICs have steadily worsened in recent years, they remain substantially better on average than they were on the eve of HIPC in the mid-1990s. This said, if current trends persist, debt vulnerabilities in LICs could (but would not necessarily) reach levels comparable to the pre-HIPC era over the medium- to long-term. Today’s more complex creditor landscape makes coordination challenging. It is therefore essential for countries to reduce today’s debt burdens promptly through economic reform, lowering the cost of financing, and debt restructuring on a case-by-case basis. The international community should also step up efforts to improve debt restructuring processes, including the G20 Common Framework, to ensure that debt relief is delivered in a timely and efficient manner where it is needed.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 42 |
Release |
: 1999-01-01 |
ISBN-10 |
: 1557758808 |
ISBN-13 |
: 9781557758804 |
Rating |
: 4/5 (08 Downloads) |
Synopsis Debt Relief for Low-Income Countries by : International Monetary Fund
This paper analyzes the IMF’s Enhanced Initiative for Heavily Indebted Poor Countries, which provides debt relief for low-income countries. The paper highlights that countries affected by the debt crisis of the 1980s received concerted support from the international financial community in the form of Paris Club flow reschedulings, stock-of-debt operations under the Brady plan, and adjustment programs supported by the multilateral financial institutions. These measures proved effective in significantly improving the debt situation of many middle-income countries.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 130 |
Release |
: 2004-01-30 |
ISBN-10 |
: 1589062736 |
ISBN-13 |
: 9781589062733 |
Rating |
: 4/5 (36 Downloads) |
Synopsis IMF Macroeconomic Research on Low-Income Countries by : International Monetary Fund
Summarizes the for ward-looking analytical work program on macroeconomic issues related to the Poverty Reduction Strategy Paper approach. The program is evolving through a process that began with a technical workshop; participants from low-income countries, donors, academia, and civil society drafted guidance on selected issues and identified priority research topics. Partners, policymakers, and economic scholars are encouraged to share their perspectives and findings through respective team leaders, whose e-mail addresses are provided. The publication also summarizes IMF analytical work, and contains a bibliography of nearly 1,000 papers.
Author |
: International Monetary Fund. Finance Dept. |
Publisher |
: International Monetary Fund |
Total Pages |
: 84 |
Release |
: 2004-03-02 |
ISBN-10 |
: 9781498330633 |
ISBN-13 |
: 1498330630 |
Rating |
: 4/5 (33 Downloads) |
Synopsis Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications by : International Monetary Fund. Finance Dept.
NULL
Author |
: International Monetary Fund. Policy Development and Review Dept. |
Publisher |
: International Monetary Fund |
Total Pages |
: 40 |
Release |
: 2003-05-23 |
ISBN-10 |
: 9781498329460 |
ISBN-13 |
: 1498329462 |
Rating |
: 4/5 (60 Downloads) |
Synopsis Debt Sustainability in Low-Income Countries - Toward a Forward-Looking Strategy by : International Monetary Fund. Policy Development and Review Dept.
NULL
Author |
: Mr.Robert Powell |
Publisher |
: International Monetary Fund |
Total Pages |
: 22 |
Release |
: 2003-09-01 |
ISBN-10 |
: 9781451858778 |
ISBN-13 |
: 1451858779 |
Rating |
: 4/5 (78 Downloads) |
Synopsis Debt Relief, Additionality, and Aid Allocation in Low Income Countries by : Mr.Robert Powell
This paper models the resource implications of debt relief provided to low-income countries (LICs). Obtaining debt relief does not necessarily lead to individual aid-dependent countries receiving more overall resources from the donor community. Preliminary cross-section estimates suggest that debt relief provided to low-income countries in the period 1996 2000 neither crowded out other non-debt relief-related aid flows to the debtors concerned nor created significant extra net resources for those countries. While it is too early to fully assess the resource implications of the enhanced HIPC Initiative, this paper provides a possible approach to such an evaluation.
Author |
: Madhur Gautam |
Publisher |
: World Bank Publications |
Total Pages |
: 140 |
Release |
: 2003 |
ISBN-10 |
: 082135521X |
ISBN-13 |
: 9780821355213 |
Rating |
: 4/5 (1X Downloads) |
Synopsis Debt Relief for the Poorest by : Madhur Gautam
The Heavily Indebted Poor Countries (HIPC) Debt Initiative was designed to relieve the high external debt of some of the world's poorest nations. The Initiative was put in place by the World Bank and the International Monetary Fund (IMF) in 1996 and enhanced in 1999. The HIPC Debt Initiative addresses a key obstacle to economic growth and poverty reduction, but it also contains multiple and overly-ambitious objectives. This work is an independent evaluation which assesses the progress and prospects of the HIPC Debt Initiative achieving its objectives.