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Author : Leonardo Hernández
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)
Download or read book Grants and Debt Forgiveness in Africa written by Leonardo Hernández and published by World Bank Publications. This book was released on 1996 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonardo Hernandez
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)
Download or read book Grants and Debt Forgiveness in Africa written by Leonardo Hernandez and published by . This book was released on 2016 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonardo Hernandez
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (847 download)
Download or read book Grants and Debt Forgiveness in Africa written by Leonardo Hernandez and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: September 1996 Bilateral and multilateral creditors have made a significant effort to increase financial resources flowing to low-income African countries, helping them expand their import capacity. But the increasing share of pure grants and debt relief from bilateral donors in recent years has not allowed these countries to reduce their total indebtedness and solve their debt-overhang problem. Debt relief from bilateral donors has been neutral regarding recipient countries' import capacity. Hernández and Katada analyze the effects of bilateral debt forgiveness (part of official development assistance) on 32 low-income countries in Africa (1984-93). Asking whether it makes a difference for recipient countries to receive pure grants rather than official development assistance (ODA) debt relief, they focus on how one form of aid or the other affects the countries' import capacity. They conclude that: Grants allowed recipient countries to significantly expand their import capacity for 1984-93 as grants and import capacity have been increasing since 1984. But the increasing share of concessional lending and debt relief in recent years has not allowed these countries to reduce their total indebtedness and solve their debt overhang problem. Their arrears increased significantly. The biggest recipients of debt relief also received the lion's share of the increase in pure grants. Debt forgiveness and pure grants were allocated in a way not entirely consistent with standard economic hierarchies (such as poverty levels, indebtedness, and access to alternative sources of finance). Bilateral ODA debt forgiveness appears to be neutral in the sense of not having any significant impact on recipient countries' capacity to import. Bilateral ODA debt forgiveness has neither increased or curtailed the import capacity of the major recipient countries. During 1989-93, multilateral lending replaced the decrease in bilateral lending that, in turn, was caused by an increase in grants. (Bilateral ODA debt relief implies smaller cash flows because it is pseudo or accounting money and because with it goes reduced new lending from bilateral sources.) Private creditors have typically withdrawn money from the countries in the sample as grants increased. And debt relief has had a crowding-out effect on new lending. Bilateral donors are switching their development finance to Africa from concessional and nonconcessional lending to a combination of pure grants and ODA debt relief. This paper - a product of the International Finance Division, International Economics Department - is part of a larger effort in the department to monitor developments in highly indebted low income countries.
Author : Leonardo Hernández Tagle
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (93 download)
Download or read book Grants and Debt Forgiveness in Africa written by Leonardo Hernández Tagle and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonardo HernaÌ ndez
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (124 download)
Download or read book Grants and Debt Forgiveness in Africa written by Leonardo HernaÌ ndez and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on International Relations. Subcommittee on Africa
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.F/5 ( download)
Download or read book Debt Relief in Africa written by United States. Congress. House. Committee on International Relations. Subcommittee on Africa and published by . This book was released on 1999 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yiagadeesen Samy
Publisher : Routledge
ISBN 13 : 1351523392
Total Pages : 270 pages
Book Rating : 4.3/5 (515 download)
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 270 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.
Author : Gregory Smith
Publisher : Oxford University Press
ISBN 13 : 019764421X
Total Pages : 230 pages
Book Rating : 4.1/5 (976 download)
Download or read book Where Credit is Due written by Gregory Smith and published by Oxford University Press. This book was released on 2021-12-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Borrowing is a crucial source of financing for governments all over the world. If they get it wrong, then debt crises can bring progress to a halt. But if it's done right, investment happens and conditions improve. African countries are seeking calmer capital, to raise living standards and give their economies a competitive edge. The African debt landscape has changed radically in the first two decades of the twenty-first century. Since the clean slate of extensive debt relief, states have sought new borrowing opportunities from international capital markets and emerging global powers like China. The new debt composition has increased risk, exacerbated by the 2020 coronavirus pandemic: richer countries borrowed at rock-bottom interest rates, while Africa faced an expensive jump in indebtedness. The escalating debt burden has provoked calls by the G20 for suspension of debt payments. But Africa's debt today is highly complex, and owed to a wider range of lenders. A new approach is needed, and could turn crisis into opportunity. Urgent action by both lenders and borrowers can reduce risk, while carefully preserving market access; and smart deployment of private finance can provide the scale of investment needed to achieve development goals and tackle the climate emergency.
Author : Dambisa Moyo
Publisher : Macmillan
ISBN 13 : 0374139563
Total Pages : 209 pages
Book Rating : 4.3/5 (741 download)
Download or read book Dead Aid written by Dambisa Moyo and published by Macmillan. This book was released on 2009-03-17 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.
Author : Steve Kayizzi-Mugerwa
Publisher :
ISBN 13 :
Total Pages : 388 pages
Book Rating : 4.:/5 (319 download)
Download or read book Reforming Africa's Institutions written by Steve Kayizzi-Mugerwa and published by . This book was released on 2003 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is not a single African country that did not attempt public sector reforms in the 1990s. Governments no longer see themselves as sole suppliers of social services, frequently opting for partnerships with the private sector. Efficiency and choice have entered the language of the planning and implementation units of Africa's line ministries, while privatization is no longer the controversial subject it was a decade ago. There have also been moves towards more open and democratic governments. Reforming Africa's Institutions looks at the extent to which reforms undertaken in Sub-Saharan Africa in recent years have enhanced institutional capacities across the breadth of government. To what extent have reforms been internalized and defended by governments? The authors also look specifically at the impact of public sector reforms on these economies and pose the question whether 'ownership can be attained when countries continue to be heavily dependent on external support. The volume is presented in three parts. The first focuses on the issue of reform ownership; on the issues of governance, the political economy of reform ownership, and the contradictions inherent in using aid as an instrument for enhancing domestic reform ownership. Part two examines the nature of incentives in the African civil service and the reforms undertaken in recent years to raise public sector efficiency in Africa. The third part discusses issues related to institutional capabilities in Africa and how they have been affected by the reforms undertaken in the 1990s, including privatization and movement towards political pluralism.
Author : Dr. Jürgen Kaiser
Publisher : Iucn
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (319 download)
Download or read book Debt Swaps for Sustainable Development written by Dr. Jürgen Kaiser and published by Iucn. This book was released on 1996 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is aimed at helping IUCN's members to understand the scope and mechanisms of debt conversion and to spot opportunities for their own action in this important field.
Author :
Publisher : USCCB
ISBN 13 : 9781574553291
Total Pages : 36 pages
Book Rating : 4.5/5 (532 download)
Download or read book A Jubilee Call for Debt Forgiveness written by and published by USCCB. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on International Relations. Subcommittee on Africa
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.0/5 ( download)
Download or read book Debt Relief in Africa written by United States. Congress. House. Committee on International Relations. Subcommittee on Africa and published by . This book was released on 1999 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Geoffrey Gertz
Publisher : Brookings Institution Press
ISBN 13 : 0815732562
Total Pages : 308 pages
Book Rating : 4.8/5 (157 download)
Download or read book The Imperative of Development written by Geoffrey Gertz and published by Brookings Institution Press. This book was released on 2017-09-12 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The achievements and legacy of the Wolfensohn Center for Development at Brookings The Imperative of Development highlights the research and policy analysis produced by the Wolfensohn Center for Development at Brookings. The Center, which operated from 2006 to 2011, was the first home at Brookings for research on international development. It sought to help identify effective solutions to key development challenges in order to create a more prosperous and stable world. Founded by James and Elaine Wolfensohn, the Center’s mission was to “to create knowledge that leads to action with real, scaled-up, and lasting development impact.” This volume reviews the Center’s achievements and lasting legacy, combining highlights of its most important research with new essays that examine the context and impact of that research. Six primary research streams of the Wolfensohn Center’s work are highlighted in The Imperative of Development: the shifting structure of the world economy in the twenty-first century; the challenge of scaling up the impact of development interventions; the effectiveness of development assistance; how to promote economic and social inclusion for Middle Eastern youth; the case for investing in early child development; and the need for global governance reform. In each chapter, a scholar associated with the particular research topic provides an overview of the issue and its broader context, then describes the Center’s work on the topic and the subsequent influence and impact of these efforts. The Imperative of Development chronicles the growth and expansion of the first center for development research in Brookings’s 100-year history and traces how the seeds of this initiative continue to bear fruit. "
Author : Percy S. Mistry
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.F/5 ( download)
Download or read book African Debt written by Percy S. Mistry and published by . This book was released on 1988 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Africa and Global Health
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.0/5 ( download)
Download or read book Vulture Funds and the Threat to Debt Relief in Africa written by United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Africa and Global Health and published by . This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nancy Birdsall
Publisher : Columbia University Press
ISBN 13 : 0881324450
Total Pages : 179 pages
Book Rating : 4.8/5 (813 download)
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 179 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?
