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External Debt Histories of Ten Low-Income Developing Countries

External Debt Histories of Ten Low-Income Developing Countries »

Source: External Debt Histories of Ten Low-Income Developing Countries : Lessons from Their Experience

Volume/Issue: 1998/72

Series: IMF Working Papers

Author(s): Kevin Ross , R. Brooks , Robert Powell , Ydahlia Metzgen Quemarez , Doris Ross , Mariano Cortes , Saqib Rizavi , Benoit Ketchekmen , and Francesca Fornasari

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451849318

Keywords: External Debt, HIPCs, Low-Income Countries, debt, creditors, debt burden, debt stock

The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1)...

Commodity Currencies

Commodity Currencies »

Source: Finance & Development, March 2003

Volume/Issue: 40/1

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 March 2003

ISBN: 9781451953350

Keywords: exporting countries, exchange rate regimes, oil-exporting countries, oil prices, high trade barriers

This paper analyzes why the Middle East and North Africa (MENA) region has lagged in growth and globalization. Despite attempts to spur recovery and initiate structural reforms, many countries in the region remain...

Trade Openness and Growth

Trade Openness and Growth »

Source: Trade Openness and Growth : Pursuing Empirical Glasnost

Volume/Issue: 2007/156

Series: IMF Working Papers

Author(s): Andreas Billmeier , and Tommaso Nannicini

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2007

ISBN: 9781451867206

Keywords: trade openness, growth, matching estimators, synthetic control, gdp per capita, real gdp, trade liberalization,

Studies of the impact of trade openness on growth are based either on cross-country analysis-which lacks transparency-or case studies-which lack statistical rigor. We apply transparent econometric methods drawn fro...

Taking Stock of Poverty Reduction Efforts

Taking Stock of Poverty Reduction Efforts »

Source: Finance & Development, June 2002

Volume/Issue: 39/2

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2002

ISBN: 9781451952896

Keywords: poverty reduction, fiscal profligacy, fiscal policy, spending cuts

This paper highlights that despite unprecedented gains in living standards in some countries over the past few decades, poverty continues as a harsh reality in too much of the developing world. The causes lie in pa...

Why Do Some Countries Manage to Extract Growth from Foreign Aid?

Why Do Some Countries Manage to Extract Growth from Foreign Aid? »

Source: Why Do Some Countries Manage to Extract Growth from Foreign Aid?

Volume/Issue: 2005/53

Series: IMF Working Papers

Author(s): Jean-François Ruhashyankiko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860726

Keywords: Growth, Informal Economy, ethnic fractionalization, diminishing returns, income per capita, One, Two, and Multisector Growth Models,

Aid is primarily given to governments whereas the engine of sustained growth is the private sector. It is therefore illusory to investigate the impact of aid on growth without considering the impact of government i...

Four Decades of Terms-of-Trade Booms

Four Decades of Terms-of-Trade Booms »

Source: Four Decades of Terms-of-Trade Booms : Saving-Investment Patterns and a New Metric of Income Windfall

Volume/Issue: 2013/103

Series: IMF Working Papers

Author(s): Gustavo Adler , and Nicolas Magud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2013

ISBN: 9781484356241

Keywords: windfall, real income, aggregate saving, saving rate, trade shocks, trade shock, terms-of-trade shocks, domestic investment, Other, Open Economy Macroeconomics,

We study the history of terms-of-trade booms (during 1970–2012), with a focus on Latin America, through the prisms of a simple metric that quantifies the associated income windfall. We also document saving p...

The HIPC Initiative

The HIPC Initiative »

Source: Debt Relief for Low-Income Countries : The Enhanced HIPC Initiative

Series: Pamphlet Series

Author(s): Kamau Thugge , and Anthony Boote

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 1999

ISBN: 9781463904869

Keywords: stock-of-debt operation, external debt, present value, debt relief, debt reduction

The HIPC Initiative is a framework developed jointly by the IMF and the World Bank to address the external debt problems of the heavily indebted poor countries (HIPC...

CHAPTER 7 Progress Toward External Viability

CHAPTER 7 Progress Toward External Viability »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

Progress toward external viability is a central objective in ESAF-supported programs. To this end, the programs emphasize macroeconomic policies and structural reforms that are designed to strengthen externa...

CHAPTER 9 The Causes of Program Interruptions

CHAPTER 9 The Causes of Program Interruptions »

Source: Economic Adjustment and Reform in Low-Income Countries (ESAF Review Background Papers)

Series: Books

Author(s): Susan Schadler , and Hugh Bredenkamp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 June 1999

ISBN: 9781557757159

Keywords: inflation, public enterprises, public enterprise, enterprise reform, public enterprise sector

Adjustment programs are seldom implemented exactly as planned. Slippages, delays, midcourse corrections, and, occasionally, missed targets are in the nature of ambitious reform. Nevertheless, a track record...

I Overview

I Overview »

Source: The ESAF at Ten Years : Economic Adjustment and Reform in Low-Income Countries

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557756930

Keywords: inflation, monetary fund, transition economies, structural adjustment, terms of trade

For over 10 years, the IMF has supported adjustment and reform programs in many of its low-income members through two facilities established specifically for that purpose—the Enhanced Structural Adjustment F...