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Author: Munyae M. Mulinge Publisher: ISBN: Category : Business & Economics Languages : en Pages : 416
Book Description
The volume presents a pan-African perspective, giving an overview of the ?African debt dilemma?, causes, effects and policy options. It presents case studies on virtually all the southern, central- southern, and east African countries, and comparative studies on debt and poverty alleviation in sub-Saharan Africa in general, and in the SADC region in particular. An entire section is devoted to theoretical perspectives, covering topics such as debt forgiveness initiatives and poverty alleviation; debt, poverty, compliance and the classics of regression; the urbanisation of poverty, and dichotomous poverty alleviation strategies; and population variables.
Author: Munyae M. Mulinge Publisher: ISBN: Category : Business & Economics Languages : en Pages : 416
Book Description
The volume presents a pan-African perspective, giving an overview of the ?African debt dilemma?, causes, effects and policy options. It presents case studies on virtually all the southern, central- southern, and east African countries, and comparative studies on debt and poverty alleviation in sub-Saharan Africa in general, and in the SADC region in particular. An entire section is devoted to theoretical perspectives, covering topics such as debt forgiveness initiatives and poverty alleviation; debt, poverty, compliance and the classics of regression; the urbanisation of poverty, and dichotomous poverty alleviation strategies; and population variables.
Author: Yiagadeesen Samy Publisher: Routledge ISBN: 1351523384 Category : Business & Economics Languages : en Pages : 264
Book Description
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: United States. Congress. House. Committee on Banking and Financial Services Publisher: ISBN: Category : Business & Economics Languages : en Pages : 184
Author: T. Addison Publisher: Springer ISBN: 0230522327 Category : Business & Economics Languages : en Pages : 324
Book Description
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.
Author: Madhur Gautam Publisher: World Bank Publications ISBN: 9780821355213 Category : Business & Economics Languages : en Pages : 140
Book Description
The Heavily Indebted Poor Countries (HIPC) Debt Initiative was designed to relieve the high external debt of some of the world's poorest nations. The Initiative was put in place by the World Bank and the International Monetary Fund (IMF) in 1996 and enhanced in 1999. The HIPC Debt Initiative addresses a key obstacle to economic growth and poverty reduction, but it also contains multiple and overly-ambitious objectives. This work is an independent evaluation which assesses the progress and prospects of the HIPC Debt Initiative achieving its objectives.
Author: Marco Arnone Publisher: Routledge ISBN: 1317154150 Category : Business & Economics Languages : en Pages : 300
Book Description
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.
Author: Shonar Lala Publisher: World Bank Publications ISBN: 0821366572 Category : Business & Economics Languages : en Pages : 98
Book Description
This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability. Sustained improvements in export diversification, fiscal management, the terms of new financing, and public debt management are also needed, measures that fall outside the ambit of the HIPC initiative.
Author: Thomas Melito Publisher: DIANE Publishing ISBN: 9780756703813 Category : Business & Economics Languages : en Pages : 184
Book Description
In 1996, the World Bank & the Internat. Monetary Fund (IMF) agreed to undertake a comprehensive approach, called the Heavily Indebted Poor Countries Initiative (HIPCI), for providing debt relief to the poorest & most indebted countries in the world. In Sept. 1999 the World Bank & the IMF agreed to enhance this initiative. This report: (1) assesses whether the enhanced HIPCI is likely to free up resources for poverty reduction & achieve the goal of debt sustainability; (2) describes the strategy to strengthen the link between debt relief & poverty reduction & how this strategy is to be implemented; & (3) describes the challenges creditors face in funding the 1999 initiative. Charts & tables.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 36
Book Description
Launched in 1996, the original Initiative for Heavily Indebted Poor Countries (HIPCs) marked the first time that multilateral, Paris Club, and other official bilateral and commercial creditors united in a joint effort to reduce the external debt of the world's most debt-laden poor countries to sustainable levels, that is, levels that allow these countries to service their debt through export earnings, aid, and private capital inflows without compromising long-term, poverty-reducing growth. Assistance under the HIPC Initiative is limited to countries that have per capita incomes low enough to qualify for World Bank and IMF concessional lending facilities, and that face unsustainable debt burdens even after traditional debt relief (i.e., that provided under the Paris Clubs Naples terms). The vast majority of beneficiary countries are in Africa.
Author: Munyae M. Mulinge
Author: Munyae M. Mulinge
Author: Yiagadeesen Samy
Author: United States. Congress. House. Committee on Banking and Financial Services
Author: T. Addison
Author: Madhur Gautam
Author: Marco Arnone
Author: United States. General Accounting Office
Author: Shonar Lala
Author: Thomas Melito
Author: International Monetary Fund