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Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2002-04-15
Total Pages: 44
ISBN-13: 1498328660
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Author: Jie Yang
Publisher: International Monetary Fund
Published: 2009-06-01
Total Pages: 22
ISBN-13: 1451872755
DOWNLOAD EBOOKDespite 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: International Monetary Fund. Secretary's Department
Publisher: International Monetary Fund
Published: 2021-10-04
Total Pages: 74
ISBN-13: 1513568817
DOWNLOAD EBOOKA recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author: Chris Jochnick
Publisher: Oxford University Press
Published: 2006-04-13
Total Pages: 336
ISBN-13: 0190290579
DOWNLOAD EBOOKRecent world events have created a compelling need for new perspectives and realistic solutions to the problem of sovereign debt. The success of the Jubilee 2000 movement in raising public awareness of the devastating effects of debt, coupled with the highly publicized Bono/O'Neill tour of Africa, and the spectacular default and economic implosion of Argentina have helped spur a global debate over debt. A growing chorus of globalization critics, galvanized by the Catholic Church's demand for forgiveness and bolstered by recent defaults, has put debt near the top of the international agenda. Creditor governments and international financial institutions have belatedly recognized the need for more sustainable progress on debt as an inescapable step towards economic recovery in many parts of the world. This book is intended to advance the dialogue around these issues by providing a comprehensive overview of the problems raised by debt and describing new and practical approaches to overcoming them. It will be the first in more than a decade to bring together under one cover the voices of prominent members of the international debt community. It will include pieces from the most relevant constituencies: from creditors (the IMF/World Bank, government lenders, private investors) to critics (debtor representatives, activists, and academics) and analysis from economists, bankers, lawyers, social scientists, and politicians. As contributions come from such leading thinkers across a range of disciplines, this book will offer a timely guide for understanding and influencing the debt debate.
Author: P.K. Rao
Publisher: Springer Science & Business Media
Published: 2013-04-09
Total Pages: 246
ISBN-13: 3662065703
DOWNLOAD EBOOKImproved understanding of the key role of financial aspects in the growth and development of economic systems is an important aspect of economic analysis. This first textbook on development finance provides a comprehensive coverage of this new area of economics. The book integrates relevant theoretical approaches and their policy applications. A unique perspective combines transaction cost economics and neoclassical economics. The author also treats important policy issues of national and international relevance.
Author: John Madeley
Publisher: Zed Books
Published: 2003-09
Total Pages: 260
ISBN-13: 9781842772232
DOWNLOAD EBOOKProviding practical alternatives to economic globalization, this book is based on original interviews with prominent thinkers and campaigners from across the world. The author interviews some of the world's most corageous and innovative campaigners and progressive thinkers on what globalization really is, what's wrong with it and what alternatives are available. This is a book of ideas and practical proposals for a new world that is more just, humane, stable and conducive to the diversity of human cultures. Particular attention is given to regulating transnational corporations; changing the rules by which the WTO seeks to govern the global economy; switching the economic emphasis from the global to the local; and cancelling foreign debt.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2005-10-31
Total Pages: 54
ISBN-13: 1451817134
DOWNLOAD EBOOKThe paper discusses the consideration of Honduras’s Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). The interim relief provided under the enhanced HIPC Initiative has allowed the government to increase social spending. Controlling the public sector wage bill and maintaining strong revenue collection is critical for sustaining a stable macroeconomic framework and adequate poverty reduction efforts. Efforts are also needed to reduce vulnerabilities and improve the resilience to external shocks by introducing more flexibility into the exchange rate regime.
Author: Alina Kudina
Publisher: International Monetary Fund
Published: 2003-09-01
Total Pages: 28
ISBN-13: 1451859538
DOWNLOAD EBOOKThis paper looks at the link between fiscal policy and debt sustainability in a number of African countries participating in the Heavily Indebted Poor Countries (HIPC) Initiative. The paper finds that, on the basis of current fiscal policies, debt levels will remain unsustainable even after these countries graduate from the HIPC Initiative. This finding has important policy implications. By the very requirements of the HIPC Initiative, these countries are expected to increase significantly their poverty-reducing expenditure-possibly resulting in weaker fiscal primary balances and worsening debt sustainability outlook. As offsetting fiscal tightening may not be viable, ensuring debt sustainability may thus require increased availability of (nondebt-creating) grants. Otherwise, debt sustainability in HIPC countries may prove elusive in the long term.
Author: Madhur Gautam
Publisher: World Bank Publications
Published: 2003
Total Pages: 140
ISBN-13: 9780821355213
DOWNLOAD EBOOKThe 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.
Author: Yan Sun
Publisher: International Monetary Fund
Published: 2004-09
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKThis 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.
