1.

Record Nr.

UNINA9910809081803321

Autore

Lala Shonar <1973->

Titolo

Debt relief for the poorest : an evaluation update for the HIPC initiative / / Shonar Lala

Pubbl/distr/stampa

Washington, DC, : World Bank, 2006

ISBN

1-280-50354-8

9786610503544

0-8213-6657-2

Edizione

[1st ed.]

Descrizione fisica

xv, 77 pages : illustrations ; ; 28 cm

Collana

Independent evaluation studies

Disciplina

336.3/6

Soggetti

Debt relief - Developing countries

Debts, External - Developing countries

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; Acknowledgments; Foreword; Executive Summary; Acronyms and Abbreviations; 1 Introduction; Tables; Boxes; 2 Delivery of Debt Relief; Figures; 3 Prospects for Debt Sustainability; 4 Policy Performance and Poverty Reduction; 5 Findings; Appendixes; Endnotes; References

Sommario/riassunto

This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability. Sustained improvements in export diversification, fiscal management, the terms of new financing, and public debt management are also needed, measures that fall outside the ambit of the HIPC initiative.