Access to Market Financing for IDA-eligible Countries-the Role of External Debt and IMF-Supported Programs »
Series: IMF Working Papers
Author(s): Alun Thomas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2009
Keywords: decision point, enhanced HIPC Initiative, IMF-supported program, debt ratio, debt service, debt ratios, concessional debt,
Exclusion restrictions used to identify demand and supply relationships for market financing among IDA recipients (past and present) show that poor credit ratings and high political instability adversely impact the...