External Debt Sustainability in HIPC Completion Point Countries PDF Download

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External Debt Sustainability in HIPC Completion Point Countries

External Debt Sustainability in HIPC Completion Point Countries PDF Author: Jie Yang
Publisher: International Monetary Fund
ISBN: 1451872755
Category : Business & Economics
Languages : en
Pages : 22

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Book Description
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.