Debt Relief and Beyond

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821378755
Total Pages : 480 pages
Book Rating : 4.3/5 (787 download)

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Book Synopsis Debt Relief and Beyond by : Carlos A. Primo Braga

Download or read book Debt Relief and Beyond written by Carlos A. Primo Braga and published by World Bank Publications. This book was released on 2009-10-02 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of debt relief goes back several decades. It reveals that a country s accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country s policies and institutions. In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. As of early 2009, assistance through these two initiatives had been committed to 35 countries and amounted to US$117 billion in nominal terms, or half of the 2007 GDP of these countries. 'Debt Relief and Beyond' assesses the implications of debt relief for low-income countries and how its benefits can be preserved and used to fight poverty. The chapter authors bring unique operational experience to their examination of debt relief, debt sustainability, and debt management. Several key questions are addressed, including, what consequences does debt relief have for poverty-reducing expenditures, growth, and access to finance? Can debt relief guarantee debt sustainability? How can debt management at all levels of government be improved? What lessons can be learned from countries that have experienced debt restructuring? Finally, this book provides sound empirical evidence using current econometric techniques.

Debt Relief Initiatives

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Author :
Publisher : Routledge
ISBN 13 : 1317154150
Total Pages : 300 pages
Book Rating : 4.3/5 (171 download)

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Book Synopsis Debt Relief Initiatives by : Marco Arnone

Download or read book Debt Relief Initiatives written by Marco Arnone and published by Routledge. This book was released on 2016-05-13 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the recent debt crises in developing countries and analyzes the design and implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, by providing background concepts, pointing out the main drawbacks and suggesting a different approach to debt sustainability and debt relief programs. The authors merge academic, operational and institutional expertise, in order to provide an evaluation as complete and balanced as possible on the much-debated effectiveness of debt relief in fostering economic growth, reducing poverty and reaching debt sustainability. Marco Arnone and Andrea F. Presbitero assess the joint evolution of external and domestic public debt and produce original empirical evidence on the potential effects of public debt on investment, economic growth and institution-building in low- and middle-income countries. The book also explores relevant and up-to-date policy issues, such as the loans-grants mix and the development of responsible lending strategies in foreign assistance, the surge of non-concessional and domestic borrowing by low-income countries, and the impact of the 2008-2009 global financial crisis on debt sustainability.

From Toronto Terms to the HIPC Initiative

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451856237
Total Pages : 30 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis From Toronto Terms to the HIPC Initiative by : Ms.Christina Daseking

Download or read book From Toronto Terms to the HIPC Initiative written by Ms.Christina Daseking and published by International Monetary Fund. This book was released on 1999-10-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The low-income country debt crisis had its origins in weak macroeconomic policies, and official creditors’ willingness to take risks unacceptable to private lenders. Payments problems were initially addressed through nonconcessional reschedulings and new lending that maximized financing while containing the budgetary costs for creditors. This led to an unsustainable buildup in debt stocks. More recently, debt ratios have improved, reflecting both adjustment and substantial debt relief. The paper estimates debt relief initiatives since 1988 have cost creditors at least $30 billion, and possibly much more. This compares with the estimated costs of about $27 billion under the enhanced HIPC Initiative.

Debt Relief for the Poorest Countries

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Publisher : Routledge
ISBN 13 : 1351523384
Total Pages : 264 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Debt Relief for the Poorest Countries by : Yiagadeesen Samy

Download or read book Debt Relief for the Poorest Countries written by Yiagadeesen Samy and published by Routledge. This book was released on 2018-02-06 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt problems of poor countries are receiving unprecedented attention. Both federal and non-governmental organizations alike have been campaigning for debt forgiveness for poor countries. The governments of creditor nations responded to that challenge at a meeting sponsored by the G-7, International Monetary Fund, and World Bank, all of which upgraded debt relief as a policy priority. Their initiatives provided for generous interpretations of these nations' abilities to sustain debt, gave them opportunities to qualify for debt relief more rapidly, and linked debt relief to broader policies of poverty reduction. Despite this, the crisis has only deepened in the first years of the new millennium. This brilliant group of contributions assesses why this has occurred. In plain language, it considers why debt relief has been so long in coming for poor countries. It evaluates the cost of a persistent overhang in debt for those countries. It also examines, head on, whether enhanced debt relief initiatives offer a permanent exit from over-indebtedness, or are merely a short-term respite. Above all, this volume for the first time addresses the issues on the ground: that is, the views and opinions about debt relief on the part of leaders in advanced nations, and the probability of further support for the most impoverished lands. In this approach, the editors and contributors have made an explicit and successful attempt to be inclusive and relevant at all stages of the analysis. This volume covers the full range of the poorest countries, with contributions by John Serieux, Lykke Anderson and Osvaldo Nina, Befekadu Degefe, Ligia Maria Castro-Monge, and Peter B. Mijumbi. Collectively, they offer a sobering scenario: unless measures are put in place now, in anticipation of further crises, the future of the very poorest nations will remain bleak and troublesome.

Developing Countries

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Author :
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Developing Countries by : United States. General Accounting Office

Download or read book Developing Countries written by United States. General Accounting Office and published by . This book was released on 1998 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Debt Relief for Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557756619
Total Pages : 52 pages
Book Rating : 4.7/5 (566 download)

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Book Synopsis Debt Relief for Low-Income Countries by : International Monetary Fund

Download or read book Debt Relief for Low-Income Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-01-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Developing Countries

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Author :
Publisher :
ISBN 13 :
Total Pages : 188 pages
Book Rating : 4.:/5 (7 download)

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Book Synopsis Developing Countries by : United States. General Accounting Office

Download or read book Developing Countries written by United States. General Accounting Office and published by . This book was released on 2000 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Building on International Debt Relief Initiatives

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Author :
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Building on International Debt Relief Initiatives by : United States. Congress. Senate. Committee on Foreign Relations

Download or read book Building on International Debt Relief Initiatives written by United States. Congress. Senate. Committee on Foreign Relations and published by . This book was released on 2008 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Debt Relief for Poor Countries

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Author :
Publisher : Springer
ISBN 13 : 0230522327
Total Pages : 324 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Debt Relief for Poor Countries by : T. Addison

Download or read book Debt Relief for Poor Countries written by T. Addison and published by Springer. This book was released on 2004-06-11 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is now underway. But will the HIPC Initiative meet its high expectations? Will debt relief substantially raise growth? How do we make sure that debt relief benefits poor people? And how can we ensure that poor countries do not become highly indebted again? These are some of the key policy issues covered in this rigorous and independent analysis of debt, development, and poverty.

Debt Relief for the Poorest

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821366572
Total Pages : 98 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Debt Relief for the Poorest by : Shonar Lala

Download or read book Debt Relief for the Poorest written by Shonar Lala and published by World Bank Publications. This book was released on 2006-01-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability. Sustained improvements in export diversification, fiscal management, the terms of new financing, and public debt management are also needed, measures that fall outside the ambit of the HIPC initiative.

Debt Relief for the Poorest

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821355213
Total Pages : 140 pages
Book Rating : 4.3/5 (552 download)

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Book Synopsis Debt Relief for the Poorest by : Madhur Gautam

Download or read book Debt Relief for the Poorest written by Madhur Gautam and published by World Bank Publications. This book was released on 2003 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Heavily Indebted Poor Countries (HIPC) Debt Initiative was designed to relieve the high external debt of some of the world's poorest nations. The Initiative was put in place by the World Bank and the International Monetary Fund (IMF) in 1996 and enhanced in 1999. The HIPC Debt Initiative addresses a key obstacle to economic growth and poverty reduction, but it also contains multiple and overly-ambitious objectives. This work is an independent evaluation which assesses the progress and prospects of the HIPC Debt Initiative achieving its objectives.

Chad

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Publisher : International Monetary Fund
ISBN 13 : 1484386965
Total Pages : 70 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Chad by : International Monetary Fund. African Dept.

Download or read book Chad written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-05-13 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the status of Chad under Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). Chad does not qualify for topping-up under the Enhanced HIPC Initiative based on end-2013 debt data. Creditors accounting for more than 87 percent of total HIPC-eligible debt have given satisfactory assurances of their participation in the enhanced HIPC Initiative. Nearly all multilateral creditors and Paris Club creditors have agreed to participate. The authorities are working toward obtaining participation of all the remaining creditors. Upon reaching the completion point under the Enhanced HIPC Initiative, Chad will also qualify for additional debt relief under the MDRI.

Developing Countries

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9780756703813
Total Pages : 184 pages
Book Rating : 4.7/5 (38 download)

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Book Synopsis Developing Countries by : Thomas Melito

Download or read book Developing Countries written by Thomas Melito and published by DIANE Publishing. This book was released on 2000-11 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1996, the World Bank & the Internat. Monetary Fund (IMF) agreed to undertake a comprehensive approach, called the Heavily Indebted Poor Countries Initiative (HIPCI), for providing debt relief to the poorest & most indebted countries in the world. In Sept. 1999 the World Bank & the IMF agreed to enhance this initiative. This report: (1) assesses whether the enhanced HIPCI is likely to free up resources for poverty reduction & achieve the goal of debt sustainability; (2) describes the strategy to strengthen the link between debt relief & poverty reduction & how this strategy is to be implemented; & (3) describes the challenges creditors face in funding the 1999 initiative. Charts & tables.

Chad: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document And Multilateral Debt Relief Initiative

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Author :
Publisher : International Monetary Fund
ISBN 13 : 148438704X
Total Pages : 70 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Chad: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document And Multilateral Debt Relief Initiative by : International Monetary Fund. African Dept.

Download or read book Chad: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document And Multilateral Debt Relief Initiative written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-05-13 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the status of Chad under Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). Chad does not qualify for topping-up under the Enhanced HIPC Initiative based on end-2013 debt data. Creditors accounting for more than 87 percent of total HIPC-eligible debt have given satisfactory assurances of their participation in the enhanced HIPC Initiative. Nearly all multilateral creditors and Paris Club creditors have agreed to participate. The authorities are working toward obtaining participation of all the remaining creditors. Upon reaching the completion point under the Enhanced HIPC Initiative, Chad will also qualify for additional debt relief under the MDRI.

H.R. 1095--the Debt Relief for Poverty Reduction Act

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Author :
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis H.R. 1095--the Debt Relief for Poverty Reduction Act by : United States. Congress. House. Committee on Banking and Financial Services

Download or read book H.R. 1095--the Debt Relief for Poverty Reduction Act written by United States. Congress. House. Committee on Banking and Financial Services and published by . This book was released on 2000 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Developing Countries

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Author :
Publisher : DIANE Publishing
ISBN 13 : 0788179225
Total Pages : 88 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Developing Countries by : Harold J. Johnson

Download or read book Developing Countries written by Harold J. Johnson and published by DIANE Publishing. This book was released on 1999-04 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1996 the World Bank and the International Monetary Fund, in response to a call from the leaders of the major industrial nations for a comprehensive approach to the debt problems of the poorest countries, proposed the Heavily Indebted Poor Countries (HIPC) Debt Initiative. The initiative reflects concerns of creditors, including the U.S., that, even after receiving debt relief through existing mechanisms, some poor countries will have debt burdens that remain too large relative to their ability to pay. This report: (1) describes the implementation of the HIPC initiative and (2) assesses the initiative's potential to achieve its stated goal. Charts and tables.

Delivering on Debt Relief

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Author :
Publisher : Columbia University Press
ISBN 13 : 0881324450
Total Pages : 192 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis Delivering on Debt Relief by : Nancy Birdsall

Download or read book Delivering on Debt Relief written by Nancy Birdsall and published by Columbia University Press. This book was released on 2002-04-17 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study brings readers up to date on the complicated and controversial subject of debt relief for the poorest countries of the world. What has actually been achieved? Has debt relief provided truly additional resources to fight poverty? How will the design and timing of the "enhanced Heavily Indebted Poor Country (HIPC) initiative" affect the development prospects of the world's poorest countries and their people? The study then moves on to address several broader policy questions: Is debt relief a step toward more efficient and equitable government spending, building better institutions, and attracting productive private investment in the poorest countries? Who pays for debt relief? Is there a case for further relief? Most important, how can the case for debt relief be sustained in a broader effort to combat poverty in the poorest countries?