1.

Record Nr.

UNINA9910970777203321

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

9786612843426

9781462344673

1462344674

9781452767222

145276722X

9781282843424

1282843427

9781451872750

1451872755

Edizione

[1st ed.]

Descrizione fisica

1 online resource (22 p.)

Collana

IMF Working Papers

Altri autori (Persone)

NybergDan

Disciplina

332.1/52

Soggetti

Debts, External - Developing countries

International finance

Agricultural commodities

Agriculture: General

Commodities

Debt sustainability

Debts, External

Energy: General

Export diversification

Exports and Imports

Exports

External debt

Farm produce

International economics

International Lending and Debt Problems

International trade

Investment & securities

Investments: Commodities

Investments: Energy

Oil

Petroleum industry and trade

Planning Models



Planning Policy

Trade: General

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.