Africa > Uganda
Abstract
This third edition of the Global Monitoring Report examines the commitments and actions of donors, international financial institutions, and developing countries to implement the Millennium Declaration, signed by 189 countries in 2000. Many countries are off track to meet the Millennium Development Goals, particularly in Africa and South Asia, but new evidence is emerging that higher-quality aid and a better policy environment are accelerating progress in some countries, and that the benefits of this progress are reaching poor families. This report takes a closer look at the donors' 2005 commitments to aid and debt relief, and argues that rigorous, sustained monitoring is needed to ensure that they are met and deliver results, and to prevent the cycle of accumulating unsustainable debt from repeating itself. International financial institutions need to focus on development outcomes rather than inputs, and strengthen their capacity to manage for results in developing countries.
Abstract
Este folleto describe la iniciativa que emprendieron el FMI y el Banco Mundial en 1996 para abordar de manera integral la carga global de la deuda de determinados paÃses pobres muy endeudados (PPME) que estaban aplicando programas de ajuste y reforma con el respaldo de ambas instituciones. El objetivo de esta Iniciativa es reducir la deuda de estos paÃses a niveles sostenibles de modo que puedan cumplir con sus obligaciones corrientes y futuras de servicio de la deuda sin comprometer indebidamente su crecimiento económico. Este folleto describe los fundamentos y las principales caracterÃsticas de la Iniciativa, según fue concebida originalmente en 1996, y su implementación hasta el cuarto trimestre de 1999, que culminó en la aprobación a finales de ese año de la Iniciativa Reforzada para los PPME, cuya finalidad es suministrar un alivio de la deuda más profundo y más rápido a un mayor número de paÃses. La Iniciativa Reforzada para los PPME también busca asegurar que el alivio de la deuda esté integrado en una estrategia de reducción de la deuda de alcance más general, formulada con una participación de amplia base y adaptada a las circunstancias de cada paÃs.
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.
Abstract
This paper describes the Heavily Indebted Poor Countries (HIPC) Initiative and suggests that it should enable HIPCs to exit from the debt-rescheduling process. It argues that implementation of the Initiative should eliminate debt as an impediment to economic development and growth and enable HIPC governments to focus on the difficult policies and reforms required to remove the remaining impediments to achieving sustainable development. The paper describes the implementation of the Initiative through the end of September 1998.