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Africa > Uganda

You are looking at 1 - 8 of 8 items for :

  • Type: Journal Issue x
  • Debt; Debt Management; Sovereign Debt x
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Cover IMF Working Papers
The East African Community: Prospects for Sustained Growth
Ms. Catherine McAuliffe
,
Ms. Sweta Chaman Saxena
, and
Mr. Masafumi Yabara
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out. 
Keywords:
WP; EAC country; EAC member; growth acceleration; EAC economy; EAC growth; Accelerated growth; sustained growth; benchmarking; East African Community; sub-Saharan Africa; EAC integration; exchange rate; private sector; common market; Exports; Financial sector; Government debt management; Productivity; Real exchange rates; Africa; Global
Cover Policy Papers
Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation
International Monetary Fund
This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
Keywords:
PP; NPV terms; completion point; MDRI debt relief; enhanced HIPC Initiative; debt service; post-completion-point HIPCs; Debt relief; Debt service; Exports; Stocks; Debt sustainability; Africa
Cover Policy Papers
Initiative for Heavily Indebted Poor Countries (HIPC) and Multilateral Debt Relief Initiative (MDRI)- Status of Implementation
International Monetary Fund
This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
Keywords:
PP; MDRI debt relief; NPV terms; enhanced HIPC Initiative; post-completion-point HIPCs; completion point; IMF staff estimate; long-term debt; post-decision-point HIPCs; MDRI assistance; Debt relief; Debt service; Exports; Stocks; Debt sustainability; Africa; West Africa
Cover Policy Papers
The Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and the Achievement of Long-Term External Debt Sustainability
International Monetary Fund
NULL
Keywords:
PP; price index; export growth; U.S. dollar; better-than-projected export performance; export ratio; real GDP; solid windowtext; commodity price; period HIPCs; larger-than-expected export; NPV terms; export base; a number of HIPCs; debt management; export projection; terms of trade; Debt sustainability; Exports; Debt relief; Export performance; Global; export earnings
Cover External Debt and Capital Flight in Sub-Saharan Africa
External Debt and Capital Flight in Sub-Saharan Africa

Abstract

Mounting external debt and large-scale capital flight have been at the forefront of Africa's economic problems since the 1980s. External Debt and Capital Flight in Sub-Saharan Africa, edited by S. Ibi Ajayi and Mohsin S. Khan, takes a penetrating look at debt and capital flight during the 1990s in Ghana, Kenya, Nigeria, Tanzania, and Uganda. The book describes the size and composition of debt in the selected countries and examines the causes of the debt buildup. It also assesses the extent of capital flight and suggests ways of stemming the flight of financial resources.

Keywords:
BOOK; debt; flight of capital; foreign exchange; structural adjustment; debt problem; capital flight estimate; Capital outflows; Debt burden; Debt service; Sub-Saharan Africa; Africa; Global; East Asia; North Africa; Caribbean
Cover Debt Relief for Low-Income Countries
Debt Relief for Low-Income Countries
The Enhanced HIPC Initiative
Mr. Kamau Thugge
and
Mr. Anthony R. Boote

Abstract

This pamphlet describes the IMF-World Bank initiative begun in 1996 to address in a comprehensive manner the overall debt burden of eligible heavily indebted poor countries (HIPCs) pursuing programs of adjustment and reform supported by the two organizations. The aim of the Initiative is to reduce these countries debt to sustainable levels so that they can meet current and future debt service obligations without unduly compromising growth. This pamphlet describes the rationale for and the main features of the Initiative as it was originally conceived in 1996 and its implementation through the fall of 1999, which culminated in the approval of an enhanced HIPC Initiative in late 1999 that is aimed at providing deeper and more rapid debt relief to a larger number of countries. The enhanced HIPC Initiative also seeks to ensure that debt relief is integrated into a comprehensive poverty reduction strategy that is developed with broad-based participation and tailored to the country's circumstances.

Keywords:
PAM; IMF board; debt; NPV; IMF's share; HIPCs; HIPCs need; executive boards of the World Bank; World Bank's share; Debt burden; Debt relief; Debt reduction; Debt sustainability; Sub-Saharan Africa
Cover IMF Working Papers
External Debt Histories of Ten Low-Income Developing Countries: Lessons from Their Experience
Mr. Kevin Ross
,
Mr. R. Brooks
,
Mr. Robert Powell
,
Ms. Ydahlia A. Metzgen Quemarez
,
Ms. Doris C Ross
,
Mr. Mariano Cortes
,
Saqib Rizavi
,
Benoit Ketchekmen
, and
Ms. Francesca Fornasari
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) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions.
Keywords:
WP; debt; export; price; Niger; Zambia; External Debt; HIPCs; Low-Income Countries; export base; debt-servicing capacity; export receipt; export concentration; debt problem; Bolivia's export earnings; world oil price projection; oil price projection; concessional terms; commodity price projection; financing needs; prudent debt strategy; Export performance; Debt burden; Exports; Agricultural commodities; Global
Cover Africa and the International Monetary Fund
Africa and the International Monetary Fund
Papers Presented at a Symposium Held in Nairobi, Kenya, May 13-15, 1985

Abstract

Edited by G.K. Helleiner, this volume contains the proceedings of a symposium jointly sponsored by the Association of African Central Banks and the IMF that was held in Nairobi, Kenya, in May 1985.

Keywords:
BOOK; fund staff; African country; structural adjustment; fund official; fund program; world prosperity; Exports; Imports; Loans; Africa; Sub-Saharan Africa; Asia and Pacific; West Africa; North Africa; Caribbean; South America