External Debt Sustainability In Hipc Completion Point Countries
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Author |
: Jie Yang |
Publisher |
: International Monetary Fund |
Total Pages |
: 22 |
Release |
: 2009-06-01 |
ISBN-10 |
: 9781451872750 |
ISBN-13 |
: 1451872755 |
Rating |
: 4/5 (50 Downloads) |
Synopsis External Debt Sustainability in HIPC Completion Point Countries by : Jie Yang
Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.
Author |
: Mr.Yan Sun |
Publisher |
: INTERNATIONAL MONETARY FUND |
Total Pages |
: 0 |
Release |
: 2004-09-01 |
ISBN-10 |
: 1451857772 |
ISBN-13 |
: 9781451857771 |
Rating |
: 4/5 (72 Downloads) |
Synopsis External Debt Sustainability in HIPC Completion Point Countries by : Mr.Yan Sun
This paper examines a number of structural factors affecting the external debt sustainability of HIPC completion point countries. It shows that (i) while comparing favorably with other lowincome countries, the policy and institutional frameworks of completion point countries in general are still relatively weak, and their debt management practices remain inferior to international standards; and (ii) their export base remains narrow and fiscal revenue mobilization lags behind, even compared with many other low-income countries. Achieving and maintaining long-term debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new borrowing in support of sound macroeconomic policies.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 44 |
Release |
: 2002-04-15 |
ISBN-10 |
: 9781498328661 |
ISBN-13 |
: 1498328660 |
Rating |
: 4/5 (61 Downloads) |
Synopsis The Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and the Achievement of Long-Term External Debt Sustainability by : International Monetary Fund
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Author |
: Jie Yang |
Publisher |
: |
Total Pages |
: |
Release |
: 2009 |
ISBN-10 |
: OCLC:842634482 |
ISBN-13 |
: |
Rating |
: 4/5 (82 Downloads) |
Synopsis IMF Working Papers by : Jie Yang
Author |
: Carlos A. Primo Braga |
Publisher |
: World Bank Publications |
Total Pages |
: 478 |
Release |
: 2009-10-02 |
ISBN-10 |
: 9780821378755 |
ISBN-13 |
: 0821378759 |
Rating |
: 4/5 (55 Downloads) |
Synopsis Debt Relief and Beyond by : Carlos A. Primo Braga
The history of debt relief goes back several decades. It reveals that a country s accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country s policies and institutions. In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. As of early 2009, assistance through these two initiatives had been committed to 35 countries and amounted to US$117 billion in nominal terms, or half of the 2007 GDP of these countries. 'Debt Relief and Beyond' assesses the implications of debt relief for low-income countries and how its benefits can be preserved and used to fight poverty. The chapter authors bring unique operational experience to their examination of debt relief, debt sustainability, and debt management. Several key questions are addressed, including, what consequences does debt relief have for poverty-reducing expenditures, growth, and access to finance? Can debt relief guarantee debt sustainability? How can debt management at all levels of government be improved? What lessons can be learned from countries that have experienced debt restructuring? Finally, this book provides sound empirical evidence using current econometric techniques.
Author |
: Dinesh Dodhia |
Publisher |
: Commonwealth Secretariat |
Total Pages |
: 50 |
Release |
: 2003 |
ISBN-10 |
: 0850927560 |
ISBN-13 |
: 9780850927566 |
Rating |
: 4/5 (60 Downloads) |
Synopsis Post-HIPC Debt Sustainability and Commonwealth HIPCs by : Dinesh Dodhia
The debt problem facing poor countries has been at the heart of Commonwealth concerns since the 1980s. The report presents the discussions held at the 2003 Dar es Salaam HIPC Ministerial Forum and calls for a number of actions to deal with both immediate concerns and the issues surrounding long-term debt sustainability in HIPCs.
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 71 |
Release |
: 2012-07-13 |
ISBN-10 |
: 9781475506266 |
ISBN-13 |
: 1475506260 |
Rating |
: 4/5 (66 Downloads) |
Synopsis Côte d'Ivoire by : International Monetary Fund
In April 2009, the Boards of Executive Directors of the International Development Association (IDA) and the International Monetary Fund (IMF) agreed that Côte d’Ivoire had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. IDA and IMF staff are of the view that Côte d’Ivoire has made satisfactory progress in meeting the requirements to reach the completion point. IDA and IMF staff recommended that the Executive Directors of IDA and the IMF approve the completion point for Côte d’Ivoire under the Enhanced HIPC Initiative.
Author |
: Mr.Anthony R. Boote |
Publisher |
: International Monetary Fund |
Total Pages |
: 30 |
Release |
: 1997-03-01 |
ISBN-10 |
: 9781451844108 |
ISBN-13 |
: 1451844107 |
Rating |
: 4/5 (08 Downloads) |
Synopsis Debt Relief for Low-Income Countries and the HIPC Initiative by : Mr.Anthony R. Boote
The paper describes the debt burden of low-income countries and the traditional mechanisms that have been implemented by the international community to alleviate this burden. While these mechanisms are sufficient to reduce the external debts of many heavily indebted poor countries (HIPCs) to sustainable levels provided these countries implement sound economic policies, they are likely insufficient for a number of countries. To deal with these cases, the World Bank and the IMF have jointly proposed and implemented the HIPC Initiative. The paper describes this Initiative and suggests that it should enable HIPCs to exit from the debt rescheduling process.
Author |
: United States. General Accounting Office |
Publisher |
: |
Total Pages |
: 96 |
Release |
: 1998 |
ISBN-10 |
: STANFORD:36105127318645 |
ISBN-13 |
: |
Rating |
: 4/5 (45 Downloads) |
Synopsis Developing Countries by : United States. General Accounting Office
Author |
: International Monetary Fund |
Publisher |
: International Monetary Fund |
Total Pages |
: 52 |
Release |
: 1999-01-01 |
ISBN-10 |
: 1557756619 |
ISBN-13 |
: 9781557756619 |
Rating |
: 4/5 (19 Downloads) |
Synopsis Debt Relief for Low-Income Countries by : International Monetary Fund
This paper describes the Heavily Indebted Poor Countries (HIPC) Initiative and suggests that it should enable HIPCs to exit from the debt-rescheduling process. It argues that implementation of the Initiative should eliminate debt as an impediment to economic development and growth and enable HIPC governments to focus on the difficult policies and reforms required to remove the remaining impediments to achieving sustainable development. The paper describes the implementation of the Initiative through the end of September 1998.