Debt Relief And Beyond: Lessons Learned And Challenges Ahead

Business & Finance, Economics, Economic Development
Cover of the book Debt Relief And Beyond: Lessons Learned And Challenges Ahead by Primo Braga Carlos A.; Doemeland Doerte, World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Primo Braga Carlos A.; Doemeland Doerte ISBN: 9780821378748
Publisher: World Bank Publication: October 6, 2009
Imprint: Language: English
Author: Primo Braga Carlos A.; Doemeland Doerte
ISBN: 9780821378748
Publisher: World Bank
Publication: October 6, 2009
Imprint:
Language: English
The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country's policies and institutions.In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. As of early 2009, assistance through these two initiatives had been committed to 35 countries and amounted to US117 billion in nominal terms, or half of the 2007 GDP of these countries.Debt Relief and Beyond assesses the implications of debt relief for low-income countries and how its benefits can be preserved and used to fight poverty. The chapter authors bring unique operational experience to their examination of debt relief, debt sustainability, and debt management. Several key questions are addressed, including:What consequences does debt relief have for poverty-reducing expenditures, growth, and access to finance? Can debt relief guarantee debt sustainability? How can debt management at all levels of government be improved? What lessons can be learned from countries that have experienced debt restructuring? Finally, this book provides sound empirical evidence using current econometric techniques.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country's policies and institutions.In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, which increased the level of debt relief provided to HIPCs. As of early 2009, assistance through these two initiatives had been committed to 35 countries and amounted to US117 billion in nominal terms, or half of the 2007 GDP of these countries.Debt Relief and Beyond assesses the implications of debt relief for low-income countries and how its benefits can be preserved and used to fight poverty. The chapter authors bring unique operational experience to their examination of debt relief, debt sustainability, and debt management. Several key questions are addressed, including:What consequences does debt relief have for poverty-reducing expenditures, growth, and access to finance? Can debt relief guarantee debt sustainability? How can debt management at all levels of government be improved? What lessons can be learned from countries that have experienced debt restructuring? Finally, this book provides sound empirical evidence using current econometric techniques.

More books from World Bank

Cover of the book Growing Industrial Clusters In Asia: Serendipity And Science by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Politically Exposed Persons: A Guide On Preventive Measures For The Banking Sector by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Gender In Bolivian Production: Reducing Differences In Formality And Productivity Of Firms by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book The Great Recession And Developing Countries : Economic Impact And Growth Prospects by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book The Cost Of Environmental Degradation: Case Studies From The Middle East And North Africa by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Doing A Dam Better: The Lao People's Democratic Republic And The Story Of Nam Theun 2 by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book The Social Dimensions Of Climate Change: Equity And Vulnerability In A Warming World by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Public Expenditure Policies In Southeast Europe by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Enabling the Business of Agriculture 2016 by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book The Jobs Crisis: Household and Government Responses to the Great Recession in Eastern Europe and Central Asia by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Poverty And The Wto: Impacts Of The Doha Development Agenda by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Municipal Finances by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Global Economic Prospects, January 2016 by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Assets, Livelihoods, And Social Policy by Primo Braga Carlos A.; Doemeland Doerte
Cover of the book Valuing Services in Trade by Primo Braga Carlos A.; Doemeland Doerte
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy