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Languages : en
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Private Market Financing for Developing Countries [1993]
![Private Market Financing for Developing Countries [1993] PDF](https://books.google.com/books/content/images/frontcover/aHmr0AEACAAJ?fife=w80-h100)
Author: 1993 World Economic and Financial Surveys
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451940084
Category : Business & Economics
Languages : en
Pages : 82
Book Description
This paper provides information on private market financing for developing countries, covering developments since August 1992. Progress in dealing with bank debt problems has been based in large part on persistence in the pursuit of stabilization and reform programs. Such programs have resulted in strengthened external positions that have allowed debtor countries to accumulate reserves for use in debt-reduction operations. All of the countries where negotiations are now continuing had at some point suspended payments on medium- and long-term debt. Banks have recognized that resumption of regular (albeit partial) payments can be politically difficult in the absence of a quid pro quo. The group of middle-and lower-middle income countries with debt problems still to come to terms with bank creditors on debt-reduction packages is now limited. Many of these remaining countries (including Bulgaria, Ecuador, Panama, Peru, and Poland) have already begun negotiations with creditor banks.
Private Market Financing for Developing Countries
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9781557755261
Category : Business & Economics
Languages : en
Pages : 106
Book Description
This study surveys recent trends in private market financing for developing countries. In addition to examining developments in flows to developing countries through banking and securites markets, it analyzes the institutional and regulatory framework for developing country finance, institutional investor behavior and pricing of developing country stocks, management of public sector debt and implications of private external borrowing for macroeconomic policy management, and progress in commercial bank debt restructuring in low-income countries
Trends in Private Investment in Developing Countries 1993
Author: Guy Pierre PfeffermannPublisher: Washington : World Bank and International Finance Corporation
ISBN: 9780821323113
Category : Business & Economics
Languages : en
Pages : 63
Book Description
Private Market Financing for Developing Countries
Author: Private Market Financing
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451940157
Category : Business & Economics
Languages : en
Pages : 96
Book Description
This paper reports the growing number of low-income countries that are making efforts to resolve their debt problems, often aided by the resources of the debt reduction facility for countries of the International Development Association (IDA). Progress for most, however, remains slow. With the backing of IDA resources and assistance from official bilateral sources, debt buy-backs have been concluded by Bolivia, Guyana, Mozambique, Niger, Sao Tome and Principe, Uganda, and Zambia. Preliminary discussions on similar operations are under way with several other countries. Although most of the major baric debt cases have been resolved, attention still needs to be focused on the problems of low-income countries. In many of these countries, the process of debt restructuring has been delayed owing to economic and political difficulties. To maintain market access on reasonable terms, countries need consistently to implement strong macroeconomic and structural policy programs. Maintenance of such programs is likely to be particularly important in the period ahead, given the high degree of uncertainty with regard to interest rate movements in the industrial countries.
Trends in Private Investment in Developing Countries, 1993
Author: Guy Pierre PfeffermannPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 0
Book Description
Information Asymmetries in Developing Country Financing
Author: Mr.George C. AnayotosPublisher: International Monetary Fund
ISBN: 1451955782
Category : Business & Economics
Languages : en
Pages : 28
Book Description
This paper assesses the impact of information asymmetries on developing country financing and considers alternative techniques to reduce the adverse implications of such asymmetries. Following an introduction, Section II examines in general terms the role of information in financial markets and analyzes the incentive and risk sharing properties of alternative financial contracts. Information asymmetries which are present in domestic finance are more prevalent in international finance, in particular in developing country financing. Section III reviews measures aiming to resolve information asymmetries. Borrowing and creditor country regulations and policies, as well as innovative contractual agreements help to resolve a range of issues related to information asymmetries. However, despite their contribution, residual problems remain unresolved. The international financial institutions, and in particular the Fund, have an important role to play in alleviating information asymmetries.
1993 World Economic and Financial Surveys
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 145193890X
Category : Business & Economics
Languages : en
Pages : 120
Book Description
This paper discusses systematic issues in international finance explained in the International Capital Markets report. The paper describes that the nature and extent of recent banking problems in several industrial countries along with the policy responses to those problems. It is observed that balance sheet problems in banking are widespread among the major industrial countries. The paper also analyses recent activity in the European currency unit bond and exchange markets, and reviews developments in the private financing of developing countries and discusses several issues raised by the recent experience, including the broadening of the investor base for developing country securities, the special role played by regional financial centers in East and Southeast Asia, and the systemic implications of the evolving pattern of developing country financing. A key influence on international capital movements in recent years was the rising international diversification of investment portfolios, which is generally believed to have increased in response to the liberalization of exchange and capital controls in many industrial countries in the 1970s and 1980s.
Financial Market Constraints and Private Investment in a Developing Country
Author: Mr.Omotunde E. G. JohnsonPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 34
Book Description
Firms in developing countries that seek outside financing for investment must often choose their debt-equity combinations in the face of financial market constraints on debt service, on outside equity financing, and on internal finance (endowments). Inefficiencies in the allocation of available finance and in the equity-debt choices that can ensue can be prevented by appropriate policy measures to improve information on profitable investment opportunities and about firms; to directly strengthen financial intermediation; and to support appropriate credit guarantee schemes.
