Initiative for Heavily Indebted Poor Countries - Issues Related to the Sunset Clause PDF Download
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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498332315
Category : Business & Economics
Languages : en
Pages : 21
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Book Description
This paper responds to the Boards’ request to present a proposal addressing country eligibility under the HIPC Initiative sunset clause and discuss related issues. It builds on an informal note to the Boards which explored a number of options to deal with the sunset clause of the HIPC Initiative, which is scheduled to take effect at end-2006. It addresses the concerns raised by Directors in their discussion of the note in July 2006 and proposes that the sunset clause be allowed to take effect and the countries that are assessed to have met the income and indebtedness criteria based on end-2004 data be grandfathered. In response to concerns raised by Directors, it also discusses the issue of a permanent exit from the Initiative for countries wishing to do so.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498332315
Category : Business & Economics
Languages : en
Pages : 21
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Book Description
This paper responds to the Boards’ request to present a proposal addressing country eligibility under the HIPC Initiative sunset clause and discuss related issues. It builds on an informal note to the Boards which explored a number of options to deal with the sunset clause of the HIPC Initiative, which is scheduled to take effect at end-2006. It addresses the concerns raised by Directors in their discussion of the note in July 2006 and proposes that the sunset clause be allowed to take effect and the countries that are assessed to have met the income and indebtedness criteria based on end-2004 data be grandfathered. In response to concerns raised by Directors, it also discusses the issue of a permanent exit from the Initiative for countries wishing to do so.
Author: World Bank
Publisher: International Monetary Fund
ISBN: 1498333281
Category : Business & Economics
Languages : en
Pages : 106
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Book Description
This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498338291
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
This report aims to accomplish three objectives: (a) it provides an update on the status of implementation, impact, and costs of the Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI); (b) it proposes a modification of the reporting of progress under the initiatives, including the discontinuation of the annual status of implementation reports, and the preparation of periodic reports on debt vulnerabilities in low income countries (LICs), including HIPCs; and (c) it proposes a further ring-fencing of the list of countries eligible or potentially eligible for debt relief under the HIPC Initiative based on end-2010 income and indebtedness criteria.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513510142
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This report reviews developments in the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). It also provides updates on debt service and poverty-reducing expenditure by beneficiary countries, as well as on the cost of debt relief, creditor participation rates, and litigation against HIPCs.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498332749
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
This paper identifies the countries that meet the enhanced Heavily Indebted Poor Countries (HIPC) Initiative’s income and indebtedness eligibility criteria based on end-2004 data. It also updates the status of these countries toward qualifying for debt relief and presents cost estimates of debt relief.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498331211
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
This report reviews progress and issues in implementing the enhanced HIPC Initiative. In addition to updating information on the delivery of HIPC debt relief and its estimated costs, it discusses two particular issues: the decline in the participation of commercial and non-Paris Club bilateral creditors to the Initiative; and the preliminary list of countries that satisfy the indebtedness eligibility criterion under the extended HIPC sunset clause.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498329101
Category : Business & Economics
Languages : en
Pages : 103
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Book Description
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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.
Author: Parmeshwar Ramlogan
Publisher: International Monetary Fund
ISBN: 1589066251
Category : Political Science
Languages : en
Pages : 116
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Book Description
This paper describes the functions, policies, and operations of the IMF. The IMF is an independent international organization, and is a cooperative of 185 member countries, whose objective is to promote world economic stability and growth. The member countries are the shareholders of the cooperative, providing the capital of the IMF through quota subscriptions. In return, the IMF provides its members with macroeconomic policy advice, financing in times of balance-of-payments need, and technical assistance and training to improve national economic management.
Author: International Monetary Fund. Finance Dept.
Publisher: International Monetary Fund
ISBN: 1498330630
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
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