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External Debt Sustainability in HIPC Completion Point Countries An Update

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 re...

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Bibliographic Details
Main Author: Yang, Jie
Other Authors: Nyberg, Dan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Planning Models
Farm Produce
Oil
Investments: Energy
Export Diversification
Trade: General
Exports And Imports
International Lending And Debt Problems
International Economics
Agriculture: General
External Debt
Debts, External
Petroleum Industry And Trade
Investments: Commodities
Commodities
Energy: General
International Trade
Exports
Planning Policy
Debt Sustainability
Agricultural Commodities
Investment & Securities
Ethiopia, The Federal Democratic Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:20 pages
ISBN:9781451872750

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