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Debt Relief Under the HIPC Initiative

Debt Relief Under the HIPC Initiative »

Source: Debt Relief Under the HIPC Initiative : Context and Outlook for Debt Sustainability and Resource Flow

Volume/Issue: 2001/144

Series: IMF Working Papers

Author(s): Doris Ross , and Lisandro Abrego

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2001

ISBN: 9781451856446

Keywords: external debt sustainability, debt, debt service, debt reduction, external debt, International Lending and Debt Problems, Macroeconomic Analyses of Economic Development,

This paper discusses the Heavily Indebted Poor Countries (HIPC) Initiative in the perspective of sizable historical debt relief and large positive net resource flows to HIPCs. It argues that, by substantially reduc...

As You sow so Shall You Reap

As You sow so Shall You Reap »

Source: As You sow so Shall You Reap : Public Investment Surges, Growth, and Debt Sustainability in togo

Volume/Issue: 2012/127

Series: IMF Working Papers

Author(s): Antonio David , Luis-Felipe Zanna , Raphael Espinoza , Michal Andrle , and Marshall Mills

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503647

Keywords: external debt, external borrowing, public debt, International Lending and Debt Problems, Monetary Growth Models,

This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic model that explicitly analyzes the links between public investment, economic growth, and debt sust...

Fiscal Sustainability in African HIPC Countries

Fiscal Sustainability in African HIPC Countries »

Source: Fiscal Sustainability in African HIPC Countries : A Policy Dilemma?

Volume/Issue: 2003/187

Series: IMF Working Papers

Author(s): Annalisa Fedelino , and Alina Kudina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2003

ISBN: 9781451859539

Keywords: concessional financing, external debt, fiscal policies, domestic debt, debt relief, International Lending and Debt Problems,

This 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...

External Debt Sustainability in HIPC Completion Point Countries

External Debt Sustainability in HIPC Completion Point Countries »

Source: External Debt Sustainability in HIPC Completion Point Countries

Volume/Issue: 2004/160

Series: IMF Working Papers

Author(s): Yan Sun

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451857771

Keywords: External debt sustainability, HIPC, debt sustainability, debt management, debt management capacity, export diversification, external debt, International Lending and Debt Problems, HIPCs,

This 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 poli...

Crises and Liquidity

Crises and Liquidity »

Source: Crises and Liquidity : Evidence and Interpretation

Volume/Issue: 2001/2

Series: IMF Working Papers

Author(s): Enrica Detragiache , and Antonio Spilimbergo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2001

ISBN: 9781451841763

Keywords: Debt crises, creditor runs, short-term debt, debt service, probability, external debt, liquidity variables, International Lending and Debt Problems,

In a large panel of countries, we find that less liquid countries are more likely to default on their external debt. Specifically, for given total external debt, the probability of a crisis increases with the propo...

Robbing the Riches

Robbing the Riches »

Source: Robbing the Riches : Capital Flight, Institutions, and Instability

Volume/Issue: 2005/199

Series: IMF Working Papers

Author(s): Sweta Saxena , Meenakshi Rishi , and Valerie Cerra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2005

ISBN: 9781451862188

Keywords: Institutions, external debt, debt accumulation, external borrowing, short-term debt, International Factor Movements and International Business: General, International Lending and Debt Problems,

Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital...

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior »

Source: A Constrained Choice? Impact of Concessionality Requirements on Borrowing Behavior

Volume/Issue: 2014/176

Series: IMF Working Papers

Author(s): Calixte Ahokpossi , Laurence Allain , and Giovanna Bua

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 September 2014

ISBN: 9781498349727

Keywords: Concessionality, debt limits policy, propensity score matching, external debt, public debt, private creditors, debt relief, concessional debt, International Monetary Arrangements and Institutions, International Lending and Debt Problems

This paper uses the propensity matching score approach to assess the impact of the IMF's debt limits policy (DLP) on borrowing behavior in countries eligible to borrow from its concessional lending window. The pape...

Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link

Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link »

Source: Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link

Volume/Issue: 2005/223

Series: IMF Working Papers

Author(s): Tito Cordella , Luca Ricci , and Marta Ruiz-Arranz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2005

ISBN: 9781451862423

Keywords: Growth, Debt Overhang, Debt Irrelevance, HIPCs, external debt, public debt, International Lending and Debt Problems, Economic Growth and Aggregate Productivity: General,

Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to improve their growth rates? To answer these important questions, we look at how the debt-growth relationship varies wit...

Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth

Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth »

Source: Does Lower Debt Buy Higher Growth? The Impact of Debt Relief Initiatives on Growth

Volume/Issue: 2014/230

Series: IMF Working Papers

Author(s): Sandra Marcelino , and Ivetta Hakobyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2014

ISBN: 9781498369671

Keywords: Growth, debt, debt burden, debt sustainability, external debt, International Lending and Debt Problems, Economic Growth of Open Economies, Macroeconomic Analyses of Economic Development,

In 1996, the IMF and the World Bank introduced the Heavily Indebted Poor Countries Initiative-a comprehensive debt relief program aimed at reducing the external debt burden of eligible countries to sustainable leve...

Anticipating Arrears to the IMF Early Warning Systems

Anticipating Arrears to the IMF Early Warning Systems »

Source: Anticipating Arrears to the IMF Early Warning Systems

Volume/Issue: 2003/18

Series: IMF Working Papers

Author(s): Chikako Oka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

ISBN: 9781451843668

Keywords: early warning, probability, currency crises, debt service, external debt, debt outstanding, International Monetary Arrangements and Institutions, International Lending and Debt Problems, Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation,

This paper attempts to predict the incidence of arrears to the International Monetary Fund (IMF) by modifying and applying two of the major early warning systems for currency crises: the "signals" approach proposed...