Debt Relief For Low Income Countries

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Further Debt Relief For Low Income Countries Key Issues And Preliminary Considerations

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Author : International Monetary Fund. Policy Development and Review Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2005-10-03

Further Debt Relief For Low Income Countries Key Issues And Preliminary Considerations written by International Monetary Fund. Policy Development and Review Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-03 with Business & Economics categories.

The International Monetary and Finance Committee at its 2004 Annual Meetings called on the international community to provide assistance including “further debt relief” to low-income countries for achieving the Millennium Development Goals (MDGs). It reaffirmed the Fund’s “important role” in supporting lowincome countries and called on the Fund to consider “further debt relief and its financing.” More impetus for this request was provided by various recent proposals (summarized in Annex I). At their meeting in London in February, G7 Finance Ministers expressed their willingness to provide as much as 100 percent multilateral debt relief.

Debt Relief For Low Income Countries And The Hipc Initiative

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Author : Mr.Anthony R. Boote
language : en
Publisher: International Monetary Fund
Release Date : 1997-03-01

Debt Relief For Low Income Countries And The Hipc Initiative written by Mr.Anthony R. Boote and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-03-01 with Business & Economics categories.

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.

Debt Relief For Low Income Countries

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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1999-01-01

Debt Relief For Low Income Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.

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.

The Dynamic Implications Of Debt Relief For Low Income Countries

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Author : Mr.Ales Bulir
language : en
Publisher: International Monetary Fund
Release Date : 2011-07-01

The Dynamic Implications Of Debt Relief For Low Income Countries written by Mr.Ales Bulir and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-01 with Business & Economics categories.

The effects of debt relief on incentives to accumulate debt, consume, and invest are an important concern for donors and recipients. Using a dynamic stochastic general equilibrium model of a small open economy with a minimum consumption requirement and an endogenous relief probability, we show that excessive debt accumulation is consistent with an anticipation of a future debt relief. Simulations of the calibrated model using 1982-2006 Ugandan data suggest that debt-relief episodes are likely to have only a temporary impact on the level of debt in low-income countries, while being associated with more consumption and less invesment. The long-run debt-to-GDP ratio is estimated to be about twice as high with debt relief than without it.

From Toronto Terms To The Hipc Initiative

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Author : Ms.Christina Daseking
language : en
Publisher: International Monetary Fund
Release Date : 1999-10-01

From Toronto Terms To The Hipc Initiative written by Ms.Christina Daseking and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-10-01 with Business & Economics categories.

The low-income country debt crisis had its origins in weak macroeconomic policies, and official creditors’ willingness to take risks unacceptable to private lenders. Payments problems were initially addressed through nonconcessional reschedulings and new lending that maximized financing while containing the budgetary costs for creditors. This led to an unsustainable buildup in debt stocks. More recently, debt ratios have improved, reflecting both adjustment and substantial debt relief. The paper estimates debt relief initiatives since 1988 have cost creditors at least $30 billion, and possibly much more. This compares with the estimated costs of about $27 billion under the enhanced HIPC Initiative.

Debt Relief Additionality And Aid Allocation In Low Income Countries

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Author : Mr.Robert Powell
language : en
Publisher: International Monetary Fund
Release Date : 2003-09-01

Debt Relief Additionality And Aid Allocation In Low Income Countries written by Mr.Robert Powell and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-01 with Business & Economics categories.

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.

Debt Relief For Low Income Countries The Enhanced Hipc Initiative

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Author : Kamau Thugge
language : fr
Publisher:
Release Date : 2000

Debt Relief For Low Income Countries The Enhanced Hipc Initiative written by Kamau Thugge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.

Applying The Debt Sustainability Framework For Low Income Countries Post Debt Relief

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Author : World Bank
language : en
Publisher: International Monetary Fund
Release Date : 2006-06-11

Applying The Debt Sustainability Framework For Low Income Countries Post Debt Relief written by World Bank and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-06-11 with Business & Economics categories.

In April 2006, the Executive Boards of the Bank and the Fund reviewed the debt sustainability framework (DSF) for low-income countries and the implications of the multilateral debt relief initiative. Directors thought that the DSF was broadly appropriate and that no major changes were warranted, but saw scope for additional guidance on the application of the framework in a context where the apparent borrowing space created by debt relief raises new challenges in terms of policy advice. Most Directors supported a case-by-case approach for assessing the appropriate pace of debt accumulation in countries with debt below the DSF thresholds, but requested the development of specific recommendations on the implementation of such a case-by-case approach.

A Debt Overhang Model For Low Income Countries

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Author : Junko Koeda
language : en
Publisher: International Monetary Fund
Release Date : 2006-10

A Debt Overhang Model For Low Income Countries written by Junko Koeda and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10 with Business & Economics categories.

The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial economic conditions and level of total factor productivity.

Debt Relief For Low Income Countries

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Author : Kunibert Raffer
language : en
Publisher:
Release Date : 2001

Debt Relief For Low Income Countries written by Kunibert Raffer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Arbitration (International law) categories.