1.

Record Nr.

UNINA9910788333403321

Autore

Yang Jie

Titolo

External Debt Sustainability in HIPC Completion Point Countries : : An Update / / Jie Yang, Dan Nyberg

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

1-4623-4467-4

1-4527-6722-X

9786612843426

1-282-84342-7

1-4518-7275-5

Descrizione fisica

1 online resource (22 p.)

Collana

IMF Working Papers

Altri autori (Persone)

NybergDan

Soggetti

Debts, External - Developing countries

International finance

Investments: Commodities

Investments: Energy

Exports and Imports

Planning Models

Planning Policy

Trade: General

International Lending and Debt Problems

Agriculture: General

Energy: General

International economics

Investment & securities

Exports

Debt sustainability

Export diversification

Agricultural commodities

Oil

International trade

External debt

Commodities

Debts, External

Farm produce

Petroleum industry and trade

Ethiopia, The Federal Democratic Republic of



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Cross-Country Comparisons of Macroeconomic Performance; III. Structural Differences Among HIPC Completion Point Countries; A. Export Diversification; B. Fiscal Revenue Mobilization; C. Governance; IV. Concluding Remarks; Reference; Figures; 1: Macroeconomic Stability and Growth in PRGF Countries by Country Groupings; 2a: Aggregate Net Transfers by Country Groupings; 2b: Aggregate Net Transfers by Country Groupings (in percent); 3: Macroeconomic Stability and Growth in HIPC Completion Point Countries.; 4: Revenue-to-GDP Ratio by Country Groupings (in percent)

5: Average CPIA Index for PRGF Countries6: KKM Governance Indicators for PRGF Countries; Tables; 1: Country Groupings (status as of end-September 2008); 2: HI Thresholds for a Country's Degree of Export Diversification; 3: Export Diversification by Country Groupings; 4: Share of Top 1 Commodity Export in Total Export by Country Groupings; 5: Revenue-to-GDP Ratio in HIPC Completion Point Countries, 1992-2006 (in percent)

Sommario/riassunto

Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.