External Debt Sustainability And Domestic Debt In Heavily Indebted Poor Countries
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External Debt Sustainability And Domestic Debt In Heavily Indebted Poor Countries
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Author : Marco Arnone
language : en
Publisher:
Release Date : 2014
External Debt Sustainability And Domestic Debt In Heavily Indebted Poor Countries written by Marco Arnone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
In this paper we broaden the standard debt sustainability framework used in the IMF-WB Heavily Indebted Poor Countries (HIPC) Initiative to include the analysis of domestic public debt and other feedback effects into the usual debt sustainability analysis (DSA). The latter does not take into account the fully-fledged government budget constraint and the feedback effects of the fiscal and monetary adjustment required by multilateral programs. This work focuses on the evaluation of total public debt sustainability in a simple accounting framework that includes exchange rate effects. We use new data on domestic public debt and show how the switch from foreign to domestic borrowing, and rising domestic real interest rates are likely to undermine the overall sustainability and the success of debt relief programs.
External Debt Sustainability And Domestic Debt In Heavily Indebted Poor Countries
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Author : Marco Arnone
language : en
Publisher:
Release Date : 2007
External Debt Sustainability And Domestic Debt In Heavily Indebted Poor Countries written by Marco Arnone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
The Enhanced Heavily Indebted Poor Countries Hipc Initiative And The Achievement Of Long Term External Debt Sustainability
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2002-04-15
The Enhanced Heavily Indebted Poor Countries Hipc Initiative And The Achievement Of Long Term External Debt Sustainability 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 2002-04-15 with Business & Economics categories.
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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.
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.
Post Hipc Debt Sustainability And Commonwealth Hipcs
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Author : Dinesh Dodhia
language : en
Publisher: Commonwealth Secretariat
Release Date : 2003
Post Hipc Debt Sustainability And Commonwealth Hipcs written by Dinesh Dodhia and has been published by Commonwealth Secretariat this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
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.
Malawi
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2006-12-11
Malawi 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 2006-12-11 with Business & Economics categories.
Malawi has made satisfactory progress in implementing its Poverty Reduction Strategy Paper (PRSP) for at least one year, and maintained satisfactory macroeconomic policies as evidenced by its performance under a program supported by the Poverty Reduction and Growth Facility (PRGF) over the last fiscal year 2005/2006. The completion point analysis shows the actual outturn to be 245 percent of exports. After additional voluntary bilateral debt relief, this ratio declines to 229 percent of exports. The paper assesses the sensitivity of debt indicators to changes in key economic variables.
Union Of The Comoros
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Author : International Monetary Fund. African Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-02-08
Union Of The Comoros written by International Monetary Fund. African 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 2013-02-08 with Business & Economics categories.
In June 2010, the International Development Association (IDA) and the IMF agreed that Comoros had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. As a result of the debt reconciliation exercise for the completion point, the present value of eligible external debt at end-2009 has been revised upward. Full delivery of HIPC assistance together with additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative (MDRI) debt relief at the completion point would reduce Comoros’ external debt burden significantly.
C Te D Ivoire
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2012-07-13
C Te D Ivoire 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 2012-07-13 with Business & Economics categories.
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.
Guinea Bissau
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2010-12-22
Guinea Bissau 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 2010-12-22 with Business & Economics categories.
According to IMF and IDA authorities, Guinea-Bissau had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities appreciated the country’s tremendous efforts to reestablish economic, social, and institutional stability. In view of this, in addition to debt relief agreed at the decision point under the Enhanced Initiative for HIPC, they also agreed to topping up assistance at the completion point.