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Searching with a thematic focus on Aid and debt, Debt, Debt sustainable debt
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Should Africa’s external debt be re-evaluated?: a preliminary study
UN Economic Commission for Africa, 2003The study seeks to identify and examine possible motives for the re-evaluation of Africa’s debt, in view of the burden it exerts on the continent’s development efforts. The conceptual rationales that are proposed are consistent with neo-classical economics and focus on the possibility that market imperfections could cause mis-pricing of African debt claims.DocumentA critical assessment of existing debt proposals
UN Economic Commission for Africa, 2003This paper investigates some of the key issues related to the assessment of sustainability and practices aimed at enhancing external debt sustainability in Sub-Saharan Africa.Conclusions include:debt sustainability should be assessed by looking at many indicators simultaneously and comparing them against empirically determined critical values adjusted to account for country specific-facDocumentMinimizing the impact of commodity shocks in Africa for debt sustainability: an issues paper
UN Economic Commission for Africa, 2003This paper explores various policy options for mitigating the impact of shocks (volatility of import and export commodity prices, climate) on African HIPC countries. These include insurance and hedging schemes.DocumentDebt relief and fiscal sustainability
UN Economic Commission for Africa, 2002This paper analyses the relationship between fiscal policy, aggregate public sector debt sustainability, and debt relief. It develops a methodology to compute the fiscal policy path that is compatible with aggregate debt sustainability in the post-HIPC era.DocumentDebt sustainability in low-income countries: towards a forward-looking strategy
UN Economic Commission for Africa, 2003This paper provides a framework for discussion of the key issues that need to be taken into account in designing a forward-looking debt and borrowing strategy for low-income countries.DocumentWhen is external debt sustainable?
Debt Initiative for Highly Indebted Poor Countries, World Bank, 2003This paper analyzes the probability of 'debt distress' in developing countries and examines the implications of these results for the lending policies of official creditors and the borrowing strategies of low income debtor countries.It defines debt distress episodes as periods in which countries resort to exceptional financing in any one of three ways:incur substantial arrears on theirDocumentDebt sustainability, Brazil, and the IMF
Institute for International Economics, USA, 2003There has been a high concentration of financial crises in Latin America over the past two years. Argentina, Brazil and Uruguay have passed through serious debt problems.This paper analyses issues of debt sustainability in emerging economies.DocumentThe enhanced HIPC initiative and the achievement of long-term external debt sustainability
World Bank Publications, 2002This paper analyses the impact of the current economic recession on the external debt sustainability situation of the 24 heavily indebted poor countries (HIPCs).The key findings of this paper are:the HIPCs’ growth and export performance in the last two years has reduced due to the considerable decrease of many primary commodity prices and the global economic slowdownmany countries hDocumentA joint submission to the World Bank and IMF Review of HIPC and Debt Sustainability
Catholic Fund for Overseas Development, 2002Urges that a clear link be established between MDGs, the HIPC review, and the sustainability of debt relief. It reccommends a series of steps to mobilise necessary financial flows, and proposes that the World Bank and IMF and their shareholders ought to radically alter the way in which debt relief is calculated and provided.DocumentPutting sustainable development first: why countries' ability to sustain debt should be assessed from a sustainable development perspective
European Network on Debt and Development, 2002Short briefing on the intrinsic link existing between debt sustainability and sustainable development. It shows how the use of a ‘bottom-up’ approach to debt sustainability can present this relationship explicitly while at the same time giving a more precise account of what constitutes an affordable level of debt from a sustainable development perspective.Pages
