Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Impact Of External Indebtednesson Poverty In Low Income Countries
Download The Impact Of External Indebtednesson Poverty In Low Income Countries full books in PDF, epub, and Kindle. Read online The Impact Of External Indebtednesson Poverty In Low Income Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Impact of External Indebtednesson Poverty in Low-Income Countries by : Mr.Boileau Loko
Download or read book The Impact of External Indebtednesson Poverty in Low-Income Countries written by Mr.Boileau Loko and published by International Monetary Fund. This book was released on 2003-03-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the relationship between external debt and poverty. A number of observers have argued that high external indebtedness is a major cause of poverty. Using the first-differenced general method of moments (GMM) estimator, the paper models the impact of external debt on poverty, measured by life expectancy, infant mortality, and gross primary enrollment rates, while duly taking into account the impact of external debt on income. The paper thus endeavors to bring together the literature that links external debt with income growth and poverty. The main conclusion is that once the effect of income on poverty has been taken into account, external indebtedness indicators have a limited but important impact on poverty.
Book Synopsis The Impact of External Indebtedness on Poverty in Low-income Countries by :
Download or read book The Impact of External Indebtedness on Poverty in Low-income Countries written by and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Can Debt Relief Boost Growth in Poor Countries? by : Benedict J. Clements
Download or read book Can Debt Relief Boost Growth in Poor Countries? written by Benedict J. Clements and published by International Monetary Fund. This book was released on 2005 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1999 by the IMF and the World Bank, was the first coordinated effort by the international financial community to reduce the foreign debt of the world’s poorest countries. It was based on the theory that economic growth in heavily indebted poor countries was being stifled by heavy debt burdens, making it virtually impossible for these countries to escape poverty. However, most of the empirical research on the effects of debt on growth has lumped together a diverse group of countries, and the literature on the countries’ impact of debt on poor is scant. This pamphlet presents the findings of the authors’ empirical research into the subject, analyzing the channels through which debt affects growth in low-income countries.
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 334 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.
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 478 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.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :9781589064676 Total Pages :20 pages Book Rating :4.0/5 (646 download)
Book Synopsis Can Debt Relief Boost Growth in Poor Countries? by : International Monetary Fund
Download or read book Can Debt Relief Boost Growth in Poor Countries? written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-09-09 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1999 by the IMF and the World Bank, was the first coordinated effort by the international financial community to reduce the foreign debt of the world’s poorest countries. It was based on the theory that economic growth in heavily indebted poor countries was being stifled by heavy debt burdens, making it virtually impossible for these countries to escape poverty. However, most of the empirical research on the effects of debt on growth has lumped together a diverse group of countries, and the literature on the countries’ impact of debt on poor is scant. This pamphlet presents the findings of the authors’ empirical research into the subject, analyzing the channels through which debt affects growth in low-income countries.
Book Synopsis External Debt, Public Investment, and Growth in Low-income Countries by : Benedict J. Clements
Download or read book External Debt, Public Investment, and Growth in Low-income Countries written by Benedict J. Clements and published by International Monetary Fund. This book was released on 2003 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Impact of IMF-Supported Programs in Low-Income Countries by : Yasemin Bal-Gunduz
Download or read book The Economic Impact of IMF-Supported Programs in Low-Income Countries written by Yasemin Bal-Gunduz and published by International Monetary Fund. This book was released on 2013-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to assess the economic impact of the IMF’s support through its facilities for low-income countries. It relies on two complementary econometric analyses: the first investigates the longer-term impact of IMF engagement—primarily through successive medium-term programs under the Extended Credit Facility and its predecessors (and more recently the Policy Support Instrument)—on economic growth and a range of other indicators and socioeconomic outcomes; the second focuses on the role of IMF shock-related financing—through augmentations of Extended Credit Facility arrangements and short-term and emergency financing instruments—on short-term macroeconomic performance.
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.
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.
Book Synopsis An Analysis of External Debt and Capital Flight in the Severely Indebted Low Income Countries in Sub-Saharan Africa by : Simeon Inidayo Ajayi
Download or read book An Analysis of External Debt and Capital Flight in the Severely Indebted Low Income Countries in Sub-Saharan Africa written by Simeon Inidayo Ajayi and published by International Monetary Fund. This book was released on 1997-06 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The African debt crisis, like its Latin American counterpart, started in the early 1980s and is not yet over! Debt was big news in the 1980s when the international financial system appeared threatened by the heavy indebtedness of a number of developing countries. More recently, the external debt of a group of 41 countries referred to as heavily-indebted poor countries (HIPCs), 32 of which are classified as severely indebted has been receiving increased attention. Most of the severely indebted low income countries which have been having problems managing their debt service obligations are in sub-Saharan Africa. 2 As a matter of fact, over the last one and a half decades, the external debt burden in many of the countries in this group has worsened, and the problem, if anything, has become even more serious. Debt ratios indicate that the overall external debt has become so large relative to the economic size of these countries and relative to export earnings that it would be impossible to pay a significant part of it in the short run without the imposition of what amounts to an impossible burden on those nations (Hope, Sr., 1996).
Book Synopsis Globalization and Poverty by : Ann Harrison
Download or read book Globalization and Poverty written by Ann Harrison and published by University of Chicago Press. This book was released on 2007-11-01 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.
Book Synopsis Debt Sustainability in Low-Income Countries by : Yasemin Bal Gunduz
Download or read book Debt Sustainability in Low-Income Countries written by Yasemin Bal Gunduz and published by International Monetary Fund. This book was released on 2017-05-09 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the determinants of external debt distress in low-income countries (LICs), disentangling the roles of institutions, shocks, and policies. The most prominent factors in raising the risk of debt distress are the weak protection of private property rights, adverse shocks to real non-oil commodity prices, and a high debt burden. Results also suggest that weak economic institutions tend to raise the probability of debt distress through persistently weak economic policies and high vulnerability to external shocks. The model enables a more granular analysis of debt sustainability in LICs and has a higher predictive power compared to the earlier scant literature.
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 240 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 :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1498328865 Total Pages :45 pages Book Rating :4.4/5 (983 download)
Book Synopsis Poverty Reduction, Growth and Debt Sustainability in Low-Income CIS Countries by : International Monetary Fund. European Dept.
Download or read book Poverty Reduction, Growth and Debt Sustainability in Low-Income CIS Countries written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2002-04-02 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL
Book Synopsis Impact of External Debt on Zambia's Sustainable Development by : Jack Jones Zulu
Download or read book Impact of External Debt on Zambia's Sustainable Development written by Jack Jones Zulu and published by . This book was released on 2003 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Public Debt Vulnerabilities in Low-Income Countries - The Evolving Landscape by : International Monetary Fund
Download or read book Public Debt Vulnerabilities in Low-Income Countries - The Evolving Landscape written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-11 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first joint IMF/World Bank report on public debt vulnerabilities in low income countries (LICs). It examines debt-related developments and their underlying causes since the onset of the global financial crisis. The findings will inform the upcoming review of the IMF/WB debt sustainability framework for LICs. Over this period, improved macroeconomic performance in LICs, combined with HIPC/MDRI debt relief and high demand for commodities, contributed to improved LIC creditworthiness. At the same time, new borrowing opportunities emerged as a result of the accommodative liquidity conditions in international capital markets, the deepening of domestic financial markets for some LICs, and the growing lending activities of non-Paris Club countries. These new financing possibilities helped mitigate the decline in Paris Club lending to LICs and have been associated with a shift toward greater reliance on non-concessional credit. The changing financing landscape has been most significant for frontier LICs.