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External Debt Sustainability in HIPC Completion Point Countries: An Update [electronic resource] Yang, Jie.

Author/Creator:
Yang, Jie.
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 09/128.
IMF Working Papers; Working Paper No. 09/128
Format/Description:
Government document
Book
1 online resource (20 p.)
Local subjects:
Coffee export.
Commodity export.
Commodity exports.
Current account.
Current account balances.
Current account deficits.
Debt burdens.
Debt management.
Debt management capacity.
Debt problems.
Debt relief.
Debt relief initiative.
Debt stock.
Debt sustainability.
Debt trap.
Diversification of export.
Diversified export base.
Export base.
Export concentration.
Export data.
Export diversification.
Export goods.
Export income.
Export share.
External borrowing.
External debt.
External debt management.
External debt stock.
External debt sustainability.
External financing.
External shocks.
Fiscal reforms.
Governance.
Heavily indebted countries.
HIPC Initiative.
Indebted countries.
Loan disbursements.
Long-term debt.
Long-term debt sustainability.
Long-term external debt.
Low-income developing countries.
Manufactured exports.
Multilateral debt relief.
Public sector management.
Revenue collection.
Revenue mobilization.
Share of export.
Substantial debt.
Substantial debt relief.
Total export.
Total exports.
Bhutan.
Burkina Faso.
Cameroon.
Central African Republic.
Congo, Democratic Republic of the.
Ethiopia.
Mauritania.
Saint Vincent and the Grenadines.
Uzbekistan.
Summary:
Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.
Notes:
Description based on print version record.
Contributor:
Nyberg, Dan.
Yang, Jie.
Other format:
Print Version:
ISBN:
1451872755:
9781451872750
ISSN:
1018-5941
Publisher Number:
10.5089/9781451872750.001
Access Restriction:
Restricted for use by site license.
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