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Debt Sustainability In Low Income Countries Toward A Forward Looking Strategy
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Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498329462 Total Pages :40 pages Book Rating :4.4/5 (983 download)
Book Synopsis Debt Sustainability in Low-Income Countries - Toward a Forward-Looking Strategy by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Debt Sustainability in Low-Income Countries - Toward a Forward-Looking Strategy written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2003-05-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Debt Sustainability in Low-Income Countries - Further Considerations on an Operational Framework and Policy Implications by : World Bank
Download or read book Debt Sustainability in Low-Income Countries - Further Considerations on an Operational Framework and Policy Implications written by World Bank and published by International Monetary Fund. This book was released on 2004-10-09 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to address queries on several operational issues: (i) the robustness of the indicative thresholds; (ii) modalities for implementing DSAs; and (iii) operational implications for the Fund, Bank, and other international financial institutions and creditors.
Book Synopsis Debt Sustainability Analyses for Low-Income Countries: An Assessment of Projection Performance by : Mr.Henry Mooney
Download or read book Debt Sustainability Analyses for Low-Income Countries: An Assessment of Projection Performance written by Mr.Henry Mooney and published by International Monetary Fund. This book was released on 2017-10-30 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops new error assessment methods to evaluate the performance of debt sustainability analyses (DSAs) for low-income countries (LICs) from 2005-2015. We find some evidence of a bias towards optimism for public and external debt projections, which was most appreciable for LICs with the highest incomes, prospects for market access, and at ‘moderate’ risk of debt distress. This was often driven by overly-ambitious fiscal and/or growth forecasts, and projected ‘residuals’. When we control for unanticipated shocks, we find that biases remain evident, driven in part by optimism regarding government fiscal reaction functions and expected growth dividends from investment.
Book Synopsis Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications by : International Monetary Fund. Finance Dept.
Download or read book Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2004-03-02 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Operational Framework for Debt Sustainability Assessments in Low-Income Countries - Further Considerations by : International Monetary Fund
Download or read book Operational Framework for Debt Sustainability Assessments in Low-Income Countries - Further Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-03-28 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on initial discussions of the proposed framework in February/March 2004, and further considerations in September 2004, this paper responds to remaining concerns that need to be resolved to make the framework operational. These concerns relate to the indicative debt-burden thresholds (Section II); the interaction of the framework with the HIPC Initiative (Section III); and the modalities for Bank-Fund collaboration in deriving a common assessment of sustainability (Section IV). This note should be read in conjunction with the original proposal, which presented the wider issues on the use of the indicative thresholds, the evaluation of policies and institutions, and the need for discretion when assessing sustainability on a forward-looking basis.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 :1498346359 Total Pages :111 pages Book Rating :4.4/5 (983 download)
Book Synopsis Review of the Debt Sustainability Framework for Low Income Countries by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book Review of the Debt Sustainability Framework for Low Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2017-02-10 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Debt Sustainability Framework for Low-income Countries (LIC DSF) has been the cornerstone of assessments of risks to debt sustainability in LICs. The framework classifies countries based on their assessed debt-carrying capacity, estimates threshold levels for selected debt burden indicators, evaluates baseline projections and stress test scenarios relative to these thresholds, and then combines indicative rules and staff judgment to assign risk ratings of external debt distress. The framework has demonstrated its operational value since the last review was conducted in 2012, but there are areas where new features can be introduced to enhance its performance in assessing risks. Against the backdrop of the evolving nature of risks facing LICs, both staff analysis and stakeholder feedback suggest gaps in the framework to be addressed. Complexity and lack of transparency have also been highlighted as causes for concern. This paper proposes a set of reforms to enhance the value of the LIC DSF for all users. In developing these reforms, staff has been guided by two over-arching principles: a) the core architecture of the DSF—model-based results complemented by judgment—remains appropriate; and b) reforms should ensure that the DSF maintains an appropriate balance by providing countries with early warnings of potential debt distress without unnecessarily constraining their borrowing for development.
Author :International Monetary Fund. Strategy, Policy, & Review Department Publisher :International Monetary Fund ISBN 13 :1498307264 Total Pages :72 pages Book Rating :4.4/5 (983 download)
Book Synopsis Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries by : International Monetary Fund. Strategy, Policy, & Review Department
Download or read book Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2018-02-14 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low-income countries (LICs) face significant challenges in meeting their Sustainable Development Goals (SDGs) while at the same time ensuring that their external debt remains sustainable. In April 2005, the Executive Boards of the International Monetary Fund (IMF) and the International Development Association (IDA) approved the introduction of the Debt Sustainability Framework (DSF), a tool developed jointly by IMF and World Bank staff to conduct public and external debt sustainability analysis in low-income countries. The DSF has since been serving to help guide the borrowing decisions of LICs, provide guidance for creditors’ lending and grant allocation decisions, and improve World Bank and IMF assessments and policy advice. The latest review of the framework was approved by the Executive Boards in September 2017. This introduced reforms to ensure that the DSF remains appropriate for the rapidly changing financing landscape facing LICs and to further improve insights into debt vulnerabilities. This note provides operational and technical guidance on the implementation of the reformed framework.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1498337562 Total Pages :41 pages Book Rating :4.4/5 (983 download)
Book Synopsis Preserving Debt Sustainability in Low-Income Countries in the Wake of the Global Crisis by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Preserving Debt Sustainability in Low-Income Countries in the Wake of the Global Crisis written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2010-04-20 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We cannot allow the return of economic stability to signify a return to "business as usual" for the IMF. The crisis exposed huge cracks in the international financial architecture of which the Fund is a key part. We have an historic responsibility to fix them. I urge all of us to recommit to seeing our collective goals to the finish line before reform fatigue sets in.
Book Synopsis The Debt Sustainability Framework for Low-income Countries by : Bergljot Barkbu
Download or read book The Debt Sustainability Framework for Low-income Countries written by Bergljot Barkbu and published by . This book was released on 2008 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited from substantial debt relief. These challenges are further exacerbated by changes in the financial landscape, including the emergence of new creditors and investors, the use of more complex financing vehicles, and the development of domestic markets. The joint World Bank/IMF debt sustainability framework is well placed to help address these challenges and reduce the risks of renewed episodes of debt distress. This paper explains the analytical underpinnings of the framework and the means to ensure its full effectiveness.--Publisher's description.
Book Synopsis Are We Heading for Another Debt Crisis in Low-Income Countries? Debt Vulnerabilities: Today Vs the Pre-HIPC Era by : Chuku Chuku
Download or read book Are We Heading for Another Debt Crisis in Low-Income Countries? Debt Vulnerabilities: Today Vs the Pre-HIPC Era written by Chuku Chuku and published by International Monetary Fund. This book was released on 2023-04-04 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are growing concerns that 25 years after the launch of the HIPC debt relief initiative, many low-income countries are again facing high debt vulnerabilities. This paper compares debt vulnerabilities in LICs today versus those on the eve of the HIPC Initiative and examines challenges to a similarly designed debt-relief framework. While solvency and liquidity indicators in most LICs have steadily worsened in recent years, they remain substantially better on average than they were on the eve of HIPC in the mid-1990s. This said, if current trends persist, debt vulnerabilities in LICs could (but would not necessarily) reach levels comparable to the pre-HIPC era over the medium- to long-term. Today’s more complex creditor landscape makes coordination challenging. It is therefore essential for countries to reduce today’s debt burdens promptly through economic reform, lowering the cost of financing, and debt restructuring on a case-by-case basis. The international community should also step up efforts to improve debt restructuring processes, including the G20 Common Framework, to ensure that debt relief is delivered in a timely and efficient manner where it is needed.
Author :United Nations Conference on Trade and Development (UNCTAD) Publisher :United Nations ISBN 13 :9211556724 Total Pages :98 pages Book Rating :4.2/5 (115 download)
Book Synopsis Economic Development in Africa 2004 by : United Nations Conference on Trade and Development (UNCTAD)
Download or read book Economic Development in Africa 2004 written by United Nations Conference on Trade and Development (UNCTAD) and published by United Nations. This book was released on 2004-11-05 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the Millennium Development Goals (MDGs), the international community has set itself a target of reducing poverty by half by the year 2015. Many observers have now come to the conclusion that, on present trends, there is very little likelihood that this objective can be achieved at any time close to that date in the poorer countries, including in Africa. The continents debt problems and its resource requirements are inextricably linked to the capacity of African countries to generate capital accumulation and growth. The current study questions Africas debt sustainability and tries to put these and other related issues in perspective making a number of recommendations on how to deal with Africas debt overhang, either through the adoption of new approaches or a major revision and improvement of present debt relief policies.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781498341028 Total Pages :70 pages Book Rating :4.3/5 (41 download)
Book Synopsis Revisiting the Debt Sustainability Framework for Low-Income Countries by : International Monetary Fund
Download or read book Revisiting the Debt Sustainability Framework for Low-Income Countries written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2012-12-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduced in 2005, the joint IMF-World Bank Debt Sustainability Framework (DSF) is a standardized framework for conducting public and external debt sustainability analysis (DSA) in low-income countries (LICs). It aims to help guide the borrowing decisions of LICs, provide guidance for creditors‘ lending and grant allocation decisions, and improve World Bank and IMF assessments and policy advice. The framework was previously reviewed in 2006 and 2009. This paper provides a comprehensive review of the framework to assess whether it remains adequate in light of changing circumstances in LICs. It reviews the DSF‘s performance to date, presents the results of recent analytical work by IMF and World Banks staffs, and discusses a number of areas in which the framework could be improved.
Author :International Monetary Fund. Secretary's Department Publisher :International Monetary Fund ISBN 13 :1513568817 Total Pages :74 pages Book Rating :4.5/5 (135 download)
Book Synopsis International Monetary Fund Annual Report 2021 by : International Monetary Fund. Secretary's Department
Download or read book International Monetary Fund Annual Report 2021 written by International Monetary Fund. Secretary's Department and published by International Monetary Fund. This book was released on 2021-10-04 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498329454 Total Pages :73 pages Book Rating :4.4/5 (983 download)
Book Synopsis Sustainability Assessments - Review of Application and Methodological Refinements by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Sustainability Assessments - Review of Application and Methodological Refinements written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2003-10-06 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Public Finance for Poverty Reduction by : Quentin Wodon
Download or read book Public Finance for Poverty Reduction written by Quentin Wodon and published by World Bank Publications. This book was released on 2007-11-06 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents some basic theoretical concepts of public finance with a particular emphasis on its impact poverty reduction. Eight case studies from Latin America and Africa illustrate how these concepts are applied in practice and the implementation issues that emerge.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1498329101 Total Pages :103 pages Book Rating :4.4/5 (983 download)
Book Synopsis Initiative for Heavily Indebted Poor Countries - Status of Implementation by : International Monetary Fund
Download or read book Initiative for Heavily Indebted Poor Countries - Status of Implementation written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-12-09 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Author :United Nations Conference on Trade and Development (UNCTAD) Publisher :United Nations ISBN 13 :9210041089 Total Pages :34 pages Book Rating :4.2/5 (1 download)
Book Synopsis Current Challenges to Developing Country Debt Sustainability by : United Nations Conference on Trade and Development (UNCTAD)
Download or read book Current Challenges to Developing Country Debt Sustainability written by United Nations Conference on Trade and Development (UNCTAD) and published by United Nations. This book was released on 2020-05-20 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten years on from the global financial crisis, economies around the world have become dependent on debt for their growth. This has encouraged unprecedented global indebtedness, particularly in emerging markets and developing countries which have little control over global trends. The challenge for the governments of increasingly vulnerable economies is finding room to manoeuvre to manage debt sustainably, while ensuring growth-inducing expenditure to enhance development. In this report, it is argued that, within the global financial system, developing countries have a limited number of choices, and proposals for regional and inter-regional monetary and financial cooperation and reliance on directed development banking are set out as a place to start.
