Poor Countries' External Debt (HIPC)
Beyond HIPC: Secure Sustainable Debt Relief for Poor Countries
... predictable debt relief can be an extremely efficient way of transferring resources to poor countries with reasonable economic management (indeed, more effective than traditional ...improved ...
25
External debt sustainability and domestic debt in Heavily Indebted Poor Countries
... many countries and this trend is not likely to be reverted any time ...and external lags of fiscal policy (Friedman 1948), and from the fact that, at least in the medium term, large primary deficits in ...
29
External Debt and Pro-Poor Growth
... The debt - poverty issue is closely related to the sustainability problem of external ...general, debt sustainability conditions state a situation in which the country will have the capacity to serve ...
64
How does external debt impact democratization? Evidence from developing countries
... not external debt affects country’s ...indebted countries need some political governance reforms in order to send out a positive signal to international financial community and investors; and so ...
36
External Debt-Economic Growth Nexus in Developing Countries: Evidence from Ethiopia
... of external debt ...Indebted Poor Country (HIPC) Initiative in 2004 and benefited from debt relief under the Multilateral Debt Relief Initiative (MDRI) in 2006, recently, public and ...
16
Why heavily indebted poor countries have failed to pay back their debt? An empirical investigation (in English)
... the debt crisis in the 1980s and 1990s have been presented in tables 5 to ...total debt service to exports ratio (TDSX) increases the probability of debt-service difficulties and leads to ...higher ...
17
Determinants of External Debt in Thailand and The Philippines
... External debt (ED) has been the major global concern not only heavily indebted poor countries but also developing nations in resultants of the 2008 global financial ...sound debt ...
8
External debt and military spending: the case of Africa's conflict countries
... Indebted Poor Countries (HIPCs) in Africa are associated with prolonged conflicts, there is more than a suspicion that military spending contributes to the indebtedness of Africa’s conflict ...war ...
29
How To Help The Poor With Debt Relief
... the Debt Reduction Facility for IDA-only countries (described ...and debt owed to commercial creditors was reduced by ...with external loans and grants ($70 million from IMF, $52 million from ...
14
Effect of Debt Overhang on the Development of Heavily Indebted Poor Countries: Debt Laffer Curve Analysis
... of external debt equation are displayed in Table 1, 2 and ...seven countries due to space limitations and better interpretation of the ...for debt (SMPED) while the explanatory variables ...
23
When is external debt sustainable?
... a debt crisis if it is classified as being in default by Standard & Poor’s or if it has access to non-concessional IMF financing in excess of 100 percent of ...a debt crisis episode one year in ...
50
UNIFICATION OF DISCOUNT RATES USED IN EXTERNAL DEBT ANALYSIS FOR LOW-INCOME COUNTRIES
... a poor measure for discounting cash flows over the long run, distorting calculations of the burden of debt service and unjustifiably narrowing the assessed borrowing space available to countries in ...
11
Low Income Countries and External Public Financing : Does Debt Relief Change Anything?
... as countries with a per capita GNI of less than $1,215 (in IDA’s fiscal year ...to poor countries (”Lucas ...emerging countries, there is no rationality behind this financial market ...
36
Determinants of External Debt: A Panel Data Analysis for Oil & Gas Exporting and Importing Countries
... indebted poor countries and non-heavily indebted less-developed countries to explore the demand for external borrowing in the 1980s and ...flight, debt service payments, the imports to ...
7
External debt and military spending: the case of Africa's conflict countries
... Indebted Poor Countries (HIPCs) in Africa are associated with prolonged conflicts, there is more than a suspicion that military spending contributes to the indebtedness of Africa’s conflict ...war ...
29
External Debt as a Fundamental Problem for Developing Countries
... The external borrowing in globalized financial environment is inherently dynamic activity that economic officials before the indebted countries set the task of maintaining the solvency of the state under a ...
9
The debt-growth nexus in poor countries: a reassessment
... the debt-growth nexus separately for Low and Middle Income countries underlines the differences in the two samples: as expected, economic growth is more volatile in the poorest countries, where ...
27
Essays on the External Debt of Turkey.
... on external debt stock while real exchange rate, inflation rate and GDP growth has a positive causal effect on ...on external debt, or its effect may be negative as ...in external ...
80
MANAGEMENT OF EXTERNAL DEBT- THE INDIAN EXPERIENCE
... Certain modifications were made to the limits for raising ECBs which prevailed in 1991 to avoid excessive dependence on borrowings, because these were instrumental in 1991 balance of payments crisis. In March 1999, the ...
13
External Debt and Stabilizing Macroeconomic Policies
... foreign debt, i ∗ is the interest rate that prevails in the world market, f is the stock of real foreign debt, and σ ( ) f is the country-specific risk ...
5