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The Multilateral Debt Relief Initiative G 8 Proposal And Its Implications For The Fund Further Considerations Supplemental Information
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Book Synopsis The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplemental Information by : International Monetary Fund. Finance Dept.
Download or read book The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplemental Information written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2005-01-11 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Executive Board held an informal seminar on September 21, 2005 to discuss possible implementation modalities for the G-8 debt relief proposal. On September 24, 2005, the International Monetary and Financial Committee supported providing 100 percent cancellation of debt owed by HIPCs to the Fund, and considered that this would provide significant additional resources for countries’ efforts to reach the Millennium Development Goals and reinforce long-term debt sustainability.
Book Synopsis The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplement on Financing Arrangements by : International Monetary Fund. Finance Dept.
Download or read book The Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund - Further Considerations - Supplement on Financing Arrangements written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2005-01-11 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: This supplement discusses the financial structure for the implementation of the G-8 debt relief proposal or Multilateral Debt Relief Initiative (MDRI). Implementation of the MDRI will require action by the Executive Board and by contributions to the Subsidy Account of the PRGF Trust. To be in a position to deliver debt relief under the MDRI by the beginning of 2006 will require the early adoption by the Board of a number of decisions. It will also require the timely consent by all contributors to the Subsidy Account of the PRGF Trust to an amendment of the PRGF Trust Instrument that would allow the transfer of a portion of their resources to a new administered account for use in providing MDRI debt relief to HIPCs with incomes above the MDRI threshold.
Book Synopsis Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund by :
Download or read book Multilateral Debt Relief Initiative (G-8 Proposal) and Its Implications for the Fund written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498330681 Total Pages :4 pages Book Rating :4.4/5 (983 download)
Book Synopsis Multilateral Debt Relief Initiative by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Multilateral Debt Relief Initiative written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-12-20 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: This supplement summarizes new information available to staff since the issuance of The Multilateral Debt Relief Initiative: A First Assessment of Eligible Countries (December 8, 2005). It focuses on the six members (Ethiopia, Madagascar, Mauritania, Nicaragua, Rwanda, and Senegal) for which staff recommends that remedial actions be taken before the Board determines whether they qualify for debt relief from the Fund under the Multilateral Debt Relief Initiative.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498331718 Total Pages :24 pages Book Rating :4.4/5 (983 download)
Book Synopsis Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-10-03 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Monetary and Finance Committee at its 2004 Annual Meetings called on the international community to provide assistance including “further debt relief” to low-income countries for achieving the Millennium Development Goals (MDGs). It reaffirmed the Fund’s “important role” in supporting lowincome countries and called on the Fund to consider “further debt relief and its financing.” More impetus for this request was provided by various recent proposals (summarized in Annex I). At their meeting in London in February, G7 Finance Ministers expressed their willingness to provide as much as 100 percent multilateral debt relief.
Book Synopsis Multilateral Debt Relief Initiative by : Internationaler Währungsfonds
Download or read book Multilateral Debt Relief Initiative written by Internationaler Währungsfonds and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This supplement summarizes new information available to staff since the issuance of The Multilateral Debt Relief Initiative: A First Assessment of Eligible Countries (December 8, 2005). It focuses on the six members (Ethiopia, Madagascar, Mauritania, Nicaragua, Rwanda, and Senegal) for which staff recommends that remedial actions be taken before the Board determines whether they qualify for debt relief from the Fund under the Multilateral Debt Relief Initiative.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498330770 Total Pages :15 pages Book Rating :4.4/5 (983 download)
Book Synopsis Multilateral Debt Relief Initiative - A First Assessment of Eligible Countries by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Multilateral Debt Relief Initiative - A First Assessment of Eligible Countries written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-08-12 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper responds to the Board’s request for an assessment of eligible countries that could qualify for Fund debt relief under the MDRI once the requisite consents and requests have been received. Directors requested that, by end-2005, staff prepare, in collaboration with the World Bank, an assessment of the 18 post-completion point HIPCs, as well as eligible non-HIPCs, and propose for Board consideration a list of members that would qualify immediately for MDRI debt relief. Directors also requested that, for those members that do not presently meet the MDRI qualification criteria, remedial measures be expressly identified that would allow them to qualify for MDRI relief.
Book Synopsis Multilateral Debt Relief Initiative and Exogenous Shocks Facility by : Internationaler Währungsfonds
Download or read book Multilateral Debt Relief Initiative and Exogenous Shocks Facility written by Internationaler Währungsfonds and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper puts forward a package of proposed decisions to implement the Multilateral Debt Relief Initiative ('MDRI') and establish the Exogenous Shocks Facility within the PRGF Trust; it also provides a Commentary on key aspects of the decisions. The proposed decisions generally reflect the overall structure and modalities that have been identified by the staff and endorsed by Executive Directors in the several meetings held to date concerning the G-8 debt relief proposal/MDRI and ESF.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498332919 Total Pages :16 pages Book Rating :4.4/5 (983 download)
Book Synopsis The Multilateral Debt Relief Initiative - Progress Report on Implementation by : International Monetary Fund. Policy Development and Review Dept.
Download or read book The Multilateral Debt Relief Initiative - Progress Report on Implementation written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2006-03-20 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports on the implementation of the MDRI since December 2005, in line with the request made by Directors that a progress report be presented to the Board before the 2006 Spring Meetings. Includes a focus on the implementation of the initiative in the Fund, and covers implementation in other multilateral institutions.
Book Synopsis The Multilateral Debt Relief Initiative by : Martin A. Weiss
Download or read book The Multilateral Debt Relief Initiative written by Martin A. Weiss and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In Juen 2005, G8 finance ministers proposed the new Multilateral Debt Relief Initiative (MDRI). The MDRI proposes to cancel debts of some of the world's poorest countries owed to the International Monetary Fund, World Bank, and African Development Bank. This report discusses MDRI's implementation and raises some issues regarding debt relief's effectiveness as a form of foreign assistance for possible congressional consideration.
Book Synopsis Multilateral Debt Relief Initiative and Exogenous Shocks Facility - Proposed Decisions by : International Monetary Fund. Finance Dept.
Download or read book Multilateral Debt Relief Initiative and Exogenous Shocks Facility - Proposed Decisions written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2005-11-16 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper puts forward a package of proposed decisions to implement the Multilateral Debt Relief Initiative (“MDRI”) and establish the Exogenous Shocks Facility within the PRGF Trust; it also provides a Commentary on key aspects of the decisions. The proposed decisions generally reflect the overall structure and modalities that have been identified by the staff and endorsed by Executive Directors in the several meetings held to date concerning the G-8 debt relief proposal/MDRI and ESF.
Book Synopsis Proposal to Enhance Fund Support for Low-Income Countries Hit by Public Health Disasters by : International Monetary Fund
Download or read book Proposal to Enhance Fund Support for Low-Income Countries Hit by Public Health Disasters written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-01-31 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund’s existing facilities for low-income countries (LICs) provide a vehicle for the speedy provision of financial assistance to member countries hit by natural disasters, either through the Rapid Credit Facility (RCF) or through augmentation of the funding already being provided through other facilities such as the Standby or Extended Credit Facilities. The quick disbursement of funds strengthens national financial capacity, including external payments capacity, to tackle relief and recovery challenges. To address catastrophic disasters, the Fund created a mechanism in 2010 to provide additional relief to its poorest and most vulnerable member countries to help meet their exceptional balance of payments needs. Under this mechanism, the Fund can provide grants from a trust fund—the Post Catastrophe Debt Relief (PCDR) trust—that are used to pay off debt service falling due to the Fund. These grants ease pressures on the member’s balance of payments and create financial space by reducing its debt service burden. This paper proposes reforms to this mechanism to cover situations where the member is experiencing an epidemic of an infectious disease that constitutes a significant threat to lives, economic activity, and international commerce across countries.
Book Synopsis The Multilateral Debt Relief Initiative by : Elgie McFayden
Download or read book The Multilateral Debt Relief Initiative written by Elgie McFayden and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In June 2005, the major industrialized nations of the world, the G-8, agreed on a plan to relieve the debt of the worlds poorest and most indebted nations. Many of the nations which qualified for debt relief under this initiative were in Africa. The plan, supported by the World Bank, International Monetary fund and the African Development Bank came to be known as the Multilateral Debt Relief Initiative (MDRI). The primary objective of the program was to relieve up to 100 percent of the debt of those nations which met specific criteria for the program making it possible for impoverished nations, particularly those in Africa, to increase spending to help reduce poverty and address poverty related issues. Data suggests that debt relief to African nations, while plausible in theory, simply does not work. In 2004 for example, the average debt service among African nations participating in the debt relief program was $19 million. The average amount of new loans acquired by African nations participating in the program was over $25 million. Essentially, African nations are acquiring new loans faster than debt is being relieved. If poverty reduction is the primary goal of the debt relief program, why doesn't the international community focus their efforts on funding projects which address poverty and poverty related social and economic issues. In addition, data indicate the average annual debt service by African nations in the debt relief program accounts for 20 percent of the annual budget. When debt is relieved these same African nations generally increase spending on poverty and poverty related programs by a mere 1 percent. As such, this paper examines the impact of debt relief on African nations and the potential impact of alternative approaches to poverty reduction programs funded by the international community.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498331068 Total Pages :44 pages Book Rating :4.4/5 (983 download)
Book Synopsis The G-8 Debt Cancellation Proposal and Its Implications for the Fund - Further Considerations by : International Monetary Fund. Policy Development and Review Dept.
Download or read book The G-8 Debt Cancellation Proposal and Its Implications for the Fund - Further Considerations written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-09-19 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The G-8 has proposed that the Fund, the International Development Association, and the African Development Fund cancel 100 percent of their claims on countries having reached, or upon reaching, the completion point under the enhanced Heavily Indebt Poor Country (HIPC) Initiative. The proposal was initially presented to the G-8 Finance Ministers' Conclusions on Development issued on June 11, 2005, and reaffirmed in the statement on Africa signed by G-8 Heads of State and Government at the Gleneagles Summit on July 8, 2005.
Book Synopsis Sovereign Debt Restructurings 1950-2010 by : Mr.Udaibir S. Das
Download or read book Sovereign Debt Restructurings 1950-2010 written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2012-08-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive survey of pertinent issues on sovereign debt restructurings, based on a newly constructed database. This is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club. We present new stylized facts on the outcome and process of debt restructurings, including on the size of haircuts, creditor participation, and legal aspects. In addition, the paper summarizes the relevant empirical literature, analyzes recent restructuring episodes, and discusses ongoing debates on crisis resolution mechanisms, credit default swaps, and the role of collective action clauses.
Book Synopsis Proposal To Establish A Resilience and Sustainability Trust by : International Monetary
Download or read book Proposal To Establish A Resilience and Sustainability Trust written by International Monetary and published by International Monetary Fund. This book was released on 2022-04-18 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The challenges from the pandemic, spillovers from geopolitical shocks, and long-standing structural problems pose an enormous impediment for balance of payments stability and resilient and sustainable growth, especially for low-income and vulnerable middle-income countries. The $650 billion SDR allocation in August 2021 has helped support economic stability by supplementing members’ reserves. There is scope to amplify the effect of these SDRs by channeling them from countries with strong external positions to countries where the needs are the greatest.
Author :International Monetary Fund. Policy Development and Review Dept. Publisher :International Monetary Fund ISBN 13 :1498334369 Total Pages :18 pages Book Rating :4.4/5 (983 download)
Book Synopsis Proposed Reforms to the Exogenous Shocks Facility by : International Monetary Fund. Policy Development and Review Dept.
Download or read book Proposed Reforms to the Exogenous Shocks Facility written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2008-07-25 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The review of the ESF is being accelerated in light of experience and worsening global economic conditions, in particular the surge in food and fuel prices. Despite having become effective in 2006, the ESF has yet to be used. Recent discussions with creditors, donors, potential users, and outside observers have highlighted a number of ways to enhance its effectiveness.
