Debt Relief Initiatives And Poverty Alleviation
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Debt Relief Initiatives And Poverty Alleviation
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Author : Munyae M. Mulinge
language : en
Publisher:
Release Date : 2003
Debt Relief Initiatives And Poverty Alleviation written by Munyae M. Mulinge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
The volume presents a pan-African perspective, giving an overview of the ?African debt dilemma?, causes, effects and policy options. It presents case studies on virtually all the southern, central- southern, and east African countries, and comparative studies on debt and poverty alleviation in sub-Saharan Africa in general, and in the SADC region in particular. An entire section is devoted to theoretical perspectives, covering topics such as debt forgiveness initiatives and poverty alleviation; debt, poverty, compliance and the classics of regression; the urbanisation of poverty, and dichotomous poverty alleviation strategies; and population variables.
Debt Relief For The Poorest Countries
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Author : Yiagadeesen Samy
language : en
Publisher: Routledge
Release Date : 2018-02-06
Debt Relief For The Poorest Countries written by Yiagadeesen Samy and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-06 with Business & Economics categories.
The debt problems of poor countries are receiving unprecedented attention. Both federal and non-governmental organizations alike have been campaigning for debt forgiveness for poor countries. The governments of creditor nations responded to that challenge at a meeting sponsored by the G-7, International Monetary Fund, and World Bank, all of which upgraded debt relief as a policy priority. Their initiatives provided for generous interpretations of these nations' abilities to sustain debt, gave them opportunities to qualify for debt relief more rapidly, and linked debt relief to broader policies of poverty reduction. Despite this, the crisis has only deepened in the first years of the new millennium. This brilliant group of contributions assesses why this has occurred. In plain language, it considers why debt relief has been so long in coming for poor countries. It evaluates the cost of a persistent overhang in debt for those countries. It also examines, head on, whether enhanced debt relief initiatives offer a permanent exit from over-indebtedness, or are merely a short-term respite. Above all, this volume for the first time addresses the issues on the ground: that is, the views and opinions about debt relief on the part of leaders in advanced nations, and the probability of further support for the most impoverished lands. In this approach, the editors and contributors have made an explicit and successful attempt to be inclusive and relevant at all stages of the analysis. This volume covers the full range of the poorest countries, with contributions by John Serieux, Lykke Anderson and Osvaldo Nina, Befekadu Degefe, Ligia Maria Castro-Monge, and Peter B. Mijumbi. Collectively, they offer a sobering scenario: unless measures are put in place now, in anticipation of further crises, the future of the very poorest nations will remain bleak and troublesome.
Developing Countries
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Author : United States. General Accounting Office
language : en
Publisher:
Release Date : 2000
Developing Countries written by United States. General Accounting Office and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Debt relief categories.
Debt Relief For The Poorest
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Author : Madhur Gautam
language : en
Publisher: World Bank Publications
Release Date : 2003
Debt Relief For The Poorest written by Madhur Gautam and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
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.
Developing Countries
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Author : Thomas Melito
language : en
Publisher: DIANE Publishing
Release Date : 2000-11
Developing Countries written by Thomas Melito and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-11 with Business & Economics categories.
In 1996, the World Bank & the Internat. Monetary Fund (IMF) agreed to undertake a comprehensive approach, called the Heavily Indebted Poor Countries Initiative (HIPCI), for providing debt relief to the poorest & most indebted countries in the world. In Sept. 1999 the World Bank & the IMF agreed to enhance this initiative. This report: (1) assesses whether the enhanced HIPCI is likely to free up resources for poverty reduction & achieve the goal of debt sustainability; (2) describes the strategy to strengthen the link between debt relief & poverty reduction & how this strategy is to be implemented; & (3) describes the challenges creditors face in funding the 1999 initiative. Charts & tables.
Debt Relief Initiatives
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Author : Marco Arnone
language : en
Publisher: Routledge
Release Date : 2016-05-13
Debt Relief Initiatives written by Marco Arnone and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-13 with Business & Economics categories.
This book deals with the recent debt crises in developing countries and analyzes the design and implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, by providing background concepts, pointing out the main drawbacks and suggesting a different approach to debt sustainability and debt relief programs. The authors merge academic, operational and institutional expertise, in order to provide an evaluation as complete and balanced as possible on the much-debated effectiveness of debt relief in fostering economic growth, reducing poverty and reaching debt sustainability. Marco Arnone and Andrea F. Presbitero assess the joint evolution of external and domestic public debt and produce original empirical evidence on the potential effects of public debt on investment, economic growth and institution-building in low- and middle-income countries. The book also explores relevant and up-to-date policy issues, such as the loans-grants mix and the development of responsible lending strategies in foreign assistance, the surge of non-concessional and domestic borrowing by low-income countries, and the impact of the 2008-2009 global financial crisis on debt sustainability.
Journeys Just Begun
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Author : Roy Culpeper
language : en
Publisher:
Release Date : 2000
Journeys Just Begun written by Roy Culpeper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
Debt Relief And Beyond
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Author : Carlos A. Primo Braga
language : en
Publisher: World Bank Publications
Release Date : 2009-10-02
Debt Relief And Beyond written by Carlos A. Primo Braga and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-02 with Business & Economics categories.
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.
Debt Relief For The Poorest
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Author : Shonar Lala
language : en
Publisher: World Bank Publications
Release Date : 2006-01-01
Debt Relief For The Poorest written by Shonar Lala and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.
This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability. Sustained improvements in export diversification, fiscal management, the terms of new financing, and public debt management are also needed, measures that fall outside the ambit of the HIPC initiative.
Debt Relief For The Poorest
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Author : Shonar Lala
language : en
Publisher: World Bank Publications
Release Date : 2006-01-01
Debt Relief For The Poorest written by Shonar Lala and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.
The Heavily Indebted Poor Countries (HIPC) Debt Initiative was established by the World Bank and the International Monetary Fund in 1996, in order to relieve the high external debt of some of the world's poorest nations. The initiative seeks to provide a permanent end to debt rescheduling, promote growth and release resources for social policies targeted at poverty reduction, as part of the overall development assistance framework. This publication updates progress made under the initiative since the evaluation undertaken in March 2003 ('Debt relief for the poorest: an OED review of the HIPC initiative") (ISBN 082135521X). It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. The study concludes that debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability, as sustained improvements in export diversification, fiscal management, the terms of new financing and public debt management are also needed; measures that fall outside the ambit of the HIPC initiative.