Does the HIPC initiative achieve its goal of debt sustainability

Bernhard G. Gunter

19 citations0/0 files storedRePEc: Research Papers in Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

International Development and Aid Global Financial Crisis and Policies Fiscal Policies and Political Economy

Abstract

This paper examines the question if the Heavily Indebted Poor Country (HIPC) Initiative provides a good basis for the HIPCs to exit from repeated debt rescheduling. Building on other reviews of the HIPC Initiative, the paper begins with a short summary of some key problems of the HIPC Initiative. It then reviews critically the growth assumptions of HIPC debt sustainability analyses, whereby the paper examines the changes in (i) public and private capital flows before and after the adoption of the HIPC Initiative, (ii) investment and savings rates, and (iii) sectoral transformations. The last analytical part explores the appropriateness of the HIPC debt sustainability indicators. Before summarizing the main results, the paper makes some suggestions on possible modifications in the HIPC framework that are more likely to provide debt sustainability than the current framework. [Discussion Paper No.2001/100]

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 19 citations exist upstream.

References

1994The Myth of Asia's Miracle 1995The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience 2001What have we learned from a decade of empirical research on growth? It's Not Factor Accumulation: Stylized Facts and Growth Models 1988Financing vs. forgiving a debt overhang 1994Macroeconomic Determinants of Domestic Private Investment in Africa: An Empirical Analysis 2002Aid, policy and peace 1999Implementing Debt Relief for the HIPCs 2002What’s Wrong with the HIPC Initiative and What’s Next?

Cited by

2003Achieving Long-Term Debt Sustainability in Heavily Indebted Poor Countries (HIPCs)2003Macro-level evaluations and the choice of aid modalities 2002The HIPC Intitiative : The Goals, Additionality, Eligibility, and Debt Sustainability 2004IDA Grants and HIPC Debt Cancellation: Their Effectiveness and Impact on IDA Resources 2002Helleiner on Africa in the Global Economy 2010

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.