The handbook is organized around three themes: (i) basic theory and tools for everyday use, (ii) the effects of business cycles on public finance and the role of fiscal rules, and (iii) crises and their impact on fiscal sustainability. The first theme is central to the book's purpose of bringing...

The little data book on external debt, a pocket edition of Global Development Finance 2012: external debt of developing countries contains statistical tables on the external debt of the 129 countries that report public and publicly guaranteed external debt under the debtor reporting system. It...

The Highly Indebted Poor Country (HIPC) initiative has identified the cycle of debt rescheduling and restructurings of many of the poorest countries as a serious development problem. It has mobilized the lender community to restructure loans with the aim of generating debt sustainability: the...

Heavily indebted low-income countries benefited from significant debt relief over the past decade. Under the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI), assistance of about $117 billion in nominal terms had been committed to 35 HIPC as of...

The little data book on external debt, a pocket edition of global development finance 2011: external debt of developing countries contains statistical tables on the external debt of the 128 countries that report public and publicly guaranteed external debt under the debtor reporting system. It...

This study provides a conceptual framework for the analysis of the questions of out-of-court debt restructuring from a policy-oriented perspective. The starting point of the analysis is given by the World Bank principles for effective insolvency and creditor rights systems. The study offers an...