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Debt Relief Under the HIPC Initiative; Context and Outlook for Debt Sustainability and Resource Flow

Ross, Doris C.; Abrego, Lisandro - International Monetary Fund (IMF) - 2001

This paper discusses the Heavily Indebted Poor Countries (HIPC) Initiative in the perspective of sizable historical debt relief and large positive net resource flows to HIPCs. It argues that, by substantially reducing HIPCs’ debt stocks and debt service payments, the Initiative provides a...

Persistent link: https://www.econbiz.de/10005264094

External Debt Management in Low-Income Countries

Bangura, Sheku; Powell, Robert; Kitabire, Damoni N. - International Monetary Fund (IMF) - 2000

Improving debt management capacity in Heavily Indebted Poor Countries (HIPCs) is a key element of the international community’s strategy for ensuring a robust and sustained exit from unsustainable debt burdens. External debt management is a multi-facetted task involving the formulation of a...

Persistent link: https://www.econbiz.de/10005605399

The Choice Between External and Domestic Debt in Financing Budget Deficits; The Case of Central and West African Countries

Beaugrand, Philippe; Mlachila, Montfort; Loko, Boileau - International Monetary Fund (IMF) - 2002

The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly applicable to Central and West African countries. The paper develops a simple analytical framework and...

Persistent link: https://www.econbiz.de/10005768940

Public Debt Markets in Central America, Panama, and the Dominican Republic

Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007

This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama as at end-2005. Although they account for the lion's share of capital markets, regional...

Persistent link: https://www.econbiz.de/10005825635

A Balance Sheet Approach to Financial Crisis

Setser, Brad; Roubini, Nouriel; Keller, Christian; … - International Monetary Fund (IMF) - 2002

The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It focuses on the risks created by maturity, currency,...

Persistent link: https://www.econbiz.de/10005825923

Foreign Currency Deposits and International Liquidity Shortages in Pakistan

Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2004

This paper studies the implications of foreign currency deposits (FCDs) for international liquidity shortages in Pakistan. The analysis focuses on how the large volume of FCDs and the specific institutional characteristics of those deposits have made the Pakistan economy highly vulnerable to...

Persistent link: https://www.econbiz.de/10005826483

Indonesia; Anatomy of a Banking Crisis

Kovanen, Arto; Frécaut, Olivier; Baldwin, Barbara E.; … - International Monetary Fund (IMF) - 2001

This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the … banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …

Persistent link: https://www.econbiz.de/10005826629

The Level and Composition of Public Sector Debt in Emerging Market Crises

Rother, Bjoern; Hakobyan, Ivetta; Bolle, Monica … - International Monetary Fund (IMF) - 2006

external public debt to multilateral creditors and a greater exposure of the domestic banking system to sovereign debt. …

Persistent link: https://www.econbiz.de/10005825985

As You sow so Shall You Reap; Public Investment Surges, Growth, and Debt Sustainability in togo

David, Antonio; Zanna, Luis-Felipe; Espinoza, Raphael A.; … - International Monetary Fund (IMF) - 2012

This paper presents an analysis of the public investment scaling-up strategy for Togo using a dynamic macroeconomic model that explicitly analyzes the links between public investment, economic growth, and debt sustainability. In the model, public capital is productive and complementary to...

Persistent link: https://www.econbiz.de/10011242420

Fiscal Sustainability and Resource Mobilization in the Dominican Republic

Melhado, Oscar E. - International Monetary Fund (IMF) - 2003

This paper examines fiscal sustainability and resource mobilization in the Dominican Republic. The fiscal position appears to be sustainable, if resource mobilization is strengthened. If expenditure continues to rise (relative to GDP), without any further fiscal adjustment, indicators of...

Persistent link: https://www.econbiz.de/10005599213