The HIPC Intitiative : The Goals, Additionality, Eligibility, and Debt Sustainability

Eaton, Jonathan

The HIPC Intitiative : The Goals, Additionality, Eligibility, and Debt Sustainability

2002

Eaton, Jonathan

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 elimination of chronic debt repayment problems. The initiative encourages much more coordination among the community of lenders, in particular between the World Bank and International Monetary Fund (IMF). It also calls for much greater transparency and involvement of the civil community than has occurred before. The initiative has introduced new and much improved measurements of the debt burdens of developing countries.

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AGROVOC Keywords

accountability accounting balance of payments cash flow debt developing countries economic development economic growth expenditure external debt indebtedness interest rates inventories nutrition poverty alleviation private investment

Bibliographic information

Publisher

World Bank, Washington, DC

Other Subjects

Debt relief initiative; Debt repayment; Claim; Debt reductions; Domestic financial markets; Financial flows; International capital markets; Current account; Debt burden; Real exchange rates; Debt-service; Current debt; Credit terms; Interest rate differentials; Lower debt; Expenditures; Financial resources; Flow of funds; Monetary fund; Debt management; Creditor; Debt rescheduling; Domestic creditors; Positive coefficients; Debt service; Debts; Public expenditures; Face value; Creditors; Debt problems; Debt relief; Debt burdens; Indebted; Debt negotiations; Borrowing; Finances; Lenders; Indebted poor countries; Exclusion; Total debt; Amount of debt; Currency; Export growth; Debt-service payments; Levels of debt; Capital markets; Foreign direct investment; Private debts; Financial crises; Debt service payments; Macroeconomic policy; Total debt stock; Evolution of debt; Future loans; Debt level; Traditional debt restructuring mechanisms; Exchange rates; Global development finance; Fixed exchange rate; Econometric evidence; Real exchange rate; Current debts; Stock of debt; Fiscal balance; Borrower; Future debt; Eligibility criteria; Long-term debt; Recipient countries; Outstanding debt; Debt sustainability analysis; Transparency; Private investors; Long-term debt sustainability; International capital; Local debt; Debt management policies; Fiscal expenditure; Tax revenue; Debt service obligations; Indebted countries; Interest rate; Debt restructuring; Debt levels; Debt service burden; Debt overhang; Domestic debts; Domestic debt; Tax; Misreporting; Loan; Debt sustainability analyses; Debt forgiveness; Judgment; High debt; Debt reporting; Multilateral creditors; Durable; Debt-service obligations; Debt reduction; Indebted poor country; Lender; Debt ratios; Traditional debt relief; Debt of countries; Fiscal burdens; Low interest rate; Value of debt; Inventory; Debt sustainability; Present value; Share of debt

License

OED working paper series;http://creativecommons.org/licenses/by/3.0/igo/CC BY 3.0 IGO

Source

OED working paper series;

In AGRIS since: 2014-09-15

Format: AGRIS AP

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This bibliographic record has been provided by World Bank

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Links

http://hdl.handle.net/10986/19061

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