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Monday, November 9, 2020 | History

5 edition of Long-term debt sustainability in low-income countries found in the catalog.

Long-term debt sustainability in low-income countries

the HIPC initiative revisited

by

  • 239 Want to read
  • 14 Currently reading

Published by Commonwealth Secretariat in London .
Written in English

    Places:
  • Developing countries,
  • Developing countries.
    • Subjects:
    • Debt relief -- Developing countries.,
    • Debts, External -- Developing countries.,
    • Debts, Public -- Developing countries.,
    • Developing countries -- Economic conditions.

    • Edition Notes

      Includes bibliographical references.

      Other titlesHIPC initiative revisited
      Statementedited by Andreas Antoniou and Abbas Berya.
      SeriesEconomic paper ;, 61, Economic paper (Commonwealth Secretariat) ;, 61.
      ContributionsAntoniou, Andreas., Berya, Abbas., Commonwealth Secretariat.
      Classifications
      LC ClassificationsHG3891.5 .L66 2004
      The Physical Object
      Paginationvii, 136 p. :
      Number of Pages136
      ID Numbers
      Open LibraryOL3369758M
      ISBN 100850927757
      LC Control Number2004445157
      OCLC/WorldCa55872685

      The goal of long term debt sustainability is one of the salient features of the Monterrey Consensus on Financing for Development (FfD) and is reflected in the commitments and actions in its follow-up process. While traditionally debt problems were considered an issue pertaining to developing countries, the financial crisis revealed debt sustainability issues in some of the advanced. Africa’s public debt-to-GDP ratio declined during – (Figure 1b), as widened primary fiscal deficits (i.e. deficits net of interest payments) were offset by factors such as low or negative real interest rates, high growth, and in some low income countries also debt relief.7 Differences countries.


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Long-term debt sustainability in low-income countries Download PDF EPUB FB2

Long-Term Debt Sustainability in Low-Income Countries: The HIPC Initiative Revisited (Economic Paper Series) [Ndungu, Njuguna S., Berya, Abbas, Odedokun, Matthew, Amani, H. R., Msutze, Anna, Dodhia, Dinesh, Antoniou, Andreas] on *FREE* shipping on qualifying offers.

Long-Term Debt Sustainability in Low-Income Countries: The HIPC Initiative Revisited (Economic Paper Series). The Debt Sustainability Framework for Low-Income Countries (Occasional Papers Book ) 1st Edition, Kindle Edition by Bergljot Barkbu (Author) › Visit Amazon's Bergljot Barkbu Page. Find all the books, read about the author, and more.

See search results for this Manufacturer: INTERNATIONAL MONETARY FUND. This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies.

The most prominent factors in raising the risk of debt distress are the weak protection of private property rights, adverse shocks to real non-oil commodity prices, and a high debt burden. Long-term Debt Sustainability in Developing Countries LongTerm Debt Sustainability in LowIncome Countries The HIPC Initiative Revisited Drawing on experiences in a wide range of countries, this Long-term debt sustainability in low-income countries book highlights the advantages and problems of multipleshift systems.

With member countries, staff from more than countries, and offices in over locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.

In Aprilthe Executive Boards of the Fund and the Bank endorsed a joint framework for debt sustainability assessments (DSAs) in low-income countries. The aim of the DSF is to guide borrowing decisions of low-income countries in a way that matches their need for funds with their current and prospective ability to service debt, tailored to their specific circumstances.

human development approachto debt sustainability refers specifically to the spending necessary to Long-term debt sustainability in low-income countries book social and poverty reduction goals, and the political pressure to take on more debt to finance needed additional expenditures.

Debt Sustainability for Low-Income Countries 23Cited by: 6. Debt Sustainability for Low-Income Countries 45 ward such an alternative approach, however, has influenced actual debt relief practices in a more indirect way.

3 Recently the IMF issued for public distribution “Debt Sustainability in Low- Income Countries-Towards a Forward-Looking Strategy”. (Washington D. C., Mayissued to the public JulyIMF.) That paper covers many of the aspects discussed in this paper for Low-Income countries.

It takes a different approach, based on present values of. As we gear up to help low-income countries manage their high-debt problems, we should keep in mind the reasons why there is a problem so soon after debt-relief, and put in place mechanisms to Author: Shanta Devarajan.

The Debt Sustainability Framework for Low-income Countries (LIC DSF) has been thecornerstone of assessments of risks to debt sustainability in LICs. The framework classifiescountries based on their assessed debt-carrying capacity, estimates threshold.

Joint World Bank-IMF Debt Sustainability Framework for Low-Income Countries Ma Low-income countries (LICs) have often struggled with large external debts. The Debt Sustainability Framework for Low-Income Countries by Beddies Christian H. Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited from substantial debt relief.

developing country debt sustainability. While the bulk of global debt is still held in developed countries, emerging and developing country debt rose from just under 40 per cent of global GDP in to per cent in For developing countries as a whole, total external debt stocks are estimated to have reached $ trillion in   This increase in public debt exposes low-income countries to greater currency, interest rate, and refinancing risks.

At present 11 low-income economies are in debt distress or at a high risk of debt distress, up from six in Even those low-income countries that are at low or moderate risk of debt distress face eroding safety margins. The joint World Bank-IMF Debt Sustainability Framework for Low-Income Countries (LIC-DSF) is a methodology for conducting standardized debt sustainability analysis.

The objective of the DSF is to support efforts by LICs to achieve their development goals. 3 Frameworks and tools for analysis public sector debt.

11 Defining debt sustainability: A taxonomy 11 Debt Sustainability Framework (DSF) for Low -income countries 11 Fiscal Sustainability of debt 16 Portfolio Review.

16 4 Triggers of Debt Crises. 18 Imprudent lending and borrowing Cited by: Klomp, Jeroen, "Flooded with debt," Journal of International Money and Finance, Elsevier, vol. 73(PA), pages Salem Kanoun, "Linkages Between Fiscal Debt Sustainability, Growth And Poverty: An Application To Tunisia," Book Chapters, in: João Sousa Andrade & Marta C.

Simões & Ivan Stosic & Dejan Eric & Hasan Hanic (ed.), Managing Structural. some low-income countries (LICs) are now access- developing countries in attaining long-term debt sustainability, including through fostering appro-priate debt financing, debt relief, debt. A theoretical criterion for foreign debt and current account sustainability is not particularly stringent because the intertemporal budget constraint of a country imposes only very mild restrictions on the evolution of a country's current account and foreign debt.

As long as the discounted value of the country foreign debt is non-zero inFile Size: 83KB. Long-Term Debt Sustainability in Low-Income Countries: The HIPC Initiative Revisited Economic Paper 61 (Economic Paper Series) by Njuguna S, and Odedokun, Matthew, and Amani, H K R Ndungu ISBN ISBN 1 Debt Sustainability in Low-Income Countries—Proposal for an Operational Framework and Policy Implications, IMF and World Bank, February Countries need to prepare medium to long-termFile Size: KB.

The Debt Sustainability Framework for Low-Income Countries. by Bergljot Ms. Barkbu,Marie-Helene Ms. Le Manchec,Christian Mr. Beddies. Occasional Papers (Book ) Thanks for Sharing.

You submitted the following rating and review. We'll publish them on our site once we've reviewed : INTERNATIONAL MONETARY FUND. The Debt Sustainability Framework for Low-Income Countries (EPub) by Christian H.

Beddies,Marie-Helene Ms. Le Manchec,Bergljot Ms. Barkbu. Occasional Papers (Book ) Thanks for Sharing. You submitted the following rating and review. We'll publish them on Brand: INTERNATIONAL MONETARY FUND.

Achieving long-term debt sustainability is a complex and challenging task that requires a combination of appropriate macroeconomic, structural, investment, and debt management policies. In poor countries, long-term debt sustainability is also heavily influenced by external factors, like the terms of trade, donor financing, and the provision.

Introduced inthe joint World Bank-IMF Debt Sustainability Framework (DSF) is a standardized framework for conducting public and external debt sustainability analysis (DSA) in low-income countries (LICs). It aims to help guide the borrowing decisions of.

Long-term debt sustainability in low-income countries: the HIPC initiative revisited. [Andreas Antoniou; Abbas Berya; Commonwealth Secretariat.;] -- Drawing on experiences in a wide range of countries, this book highlights the advantages and problems of multipleshift systems.

Ensuring debt is managed to deal with potential shocks is an important but difficult element of low-income countries’ debt management. Tools that they can use as part of their national development strategy include capital account management techniques, and the use of public development banks and other institutions to try to direct national.

Initiatives to reduce public debt in low-income countries have made substantial progress over the past decade, but challenges remain and continue to evolve.

This column presents the findings from a new IMF-World Bank report on these developments. Low-income countries have benefited from debt relief and favourable economic conditions, resulting in generally lower debt burdens.

Since its introduction inthe debt sustainability framework (DSF) for low income countries (LIC) has been the cornerstone of the international community’s assessment of risks to debt sustainability in LICs, with important operational implications for stakeholders. This picture is confirmed by the cross-country review of debt sustainability analysis, reporting that only 25 percent of these countries were in debt distress or at high risk of debt distress, compared to 35 percent across all other countries assessed.

The picture remained largely unchanged when it was rendered in Bank Debt Sustainability Framework for Low Income Countries (hereinafter referred to as LIC-DSF), as well as the national conditions and development stages of BRI countries, we formulate this debt sustainability framework with the aim to promote sustainable economic and social development of BRI countries while ensuring debt sustainability.

Size: KB. The debt sustainability framework for low-income countries. [Bergljot Barkbu; Marie-Hélène Le Manchec; Christian H Beddies] -- Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited.

sector debt for 72 countries and Tanzi A,Global debt topped US$ trillion in the first quarter, IIF says, Bloomberg, 10 July. The global financial system that created the crisis remains in place and continues to exert its influence over debt sustainability in developing countries.

INTRODUCTION. 2 Medium and Long Term Debt According to Black, Calitz and Steenkampthe majority of public debt is incurred through the sale of government bonds which have a maturity period of three years or more (Medium to Long Term).

The main forms of medium to long-term debt are by way of market loans, generally the cost high rate of interest. Chapter 2 Debt Sustainability for Low-Income Countries A Review of Standard and Alternative Concepts Danny Cassimon, Blanca Moreno-Dodson, and Quentin Wodon Traditional Approaches to Debt Sustainability A Brief Review Operationalizing Debt Sustainability Concepts The HIPC Initiative Alternative Approaches to Analyzing Debt40 Sustainability.

SDG target Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress.

Without commitment: debt supported in equilibria with default risk •Critical question in fiscal policy analysis –, debt ratios rose by 31 (20) ppts. in U.S. (Europe) –Global market of local-currency gov.

bonds was 1/2 of world’s GDP in ($30 trillion, 6 times investment-grade external sov. debt). Cassimon, Denis and Moreno-Dodson, Blanca and Wodon, Quentin (): Debt Sustainability for Low-Income Countries: A Review of Standard and Alternative Concepts.

Published in: Public Finance for Poverty Reduction: Concepts and Case Studies from Africa and Latin America (edited by Blanca Moreno-Dodson and Quentin Wodon, published in World Bank Directions in Development) (January.

DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G Technical Group Meeting (Washington, D.C.

September ) Nihal Kappagoda, Research Associate, The North-South Institute Nancy C. Alexander, Director, Citizen’s Network on Essential Services. Specifically, the course will: (i) introduce the main principles of debt sustainability; (ii) cover recently updated DSA frameworks — both for advanced and emerging markets and for low-income countries — with an emphasis on country data; (iii) present a medium-term debt management strategy (MTDS) framework; and (iv) illustrate debt 9/10(12).• A key element in the Bank’s work to help low-income countries maintain debt sustainability is IDA’s Non-Concessional Borrowing Policy (NCBP).

• The NCBP is aligned with the IMF debt limits policy • Both policies are currently under review; in this context IDA staff is File Size: KB.cent of gross national income; figure ).

The debt problem in low-income Debt Relief, Debt Sustainability, and Growth in Low-Income Countries 3 0 1, 1 0 20 40 60 80 Debt-export ratio (left scale) Debt–gross national income ratio (right scale.