Debt Relief Initiatives, Development Assistance and Service Delivery in Africa

Debt Relief Initiatives, Development Assistance and Service Delivery in Africa PDF Author: African Development Bank
Publisher: Oxford University Press
ISBN: 0199565775
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
The African Development Bank commissioned four case studies on Debt Relief Initiatives, Development Assistance and Service Delivery in Ghana, Malawi, Senegal, and Uganda from the last quarter of 2006 to mid 2007. The objective of the study was to appraise the extent to which debt relief resources are being used to improve social service delivery. There is strong agreement from all four case studies that debt relief created flexibility in governments spending by playing the role of flexible and predictable budget support. In this context, governments acquired more degrees of freedom to allocate debt relief resources in line with their own objectives. In all four countries debt relief resources were more easily transformed into MDG-related spending than tied aid. The case studies had a consensus in identifying the accountability of public institutions to civil society, through community monitoring or execution of expenditures, as the most effective means of enhancing spending effectiveness. This formed the basis for the success observed in program implementation. From the findings of the case studies it is clear that debt relief can lead to enhanced service delivery provided certain conditions prevail. These conditions can be influenced by donors as well as the willingness of beneficiary governments to undertake reforms. The general observation across the case studies is that debt relief has a major positive impact on service delivery, and progress towards the MDGs, when beneficiaries: (i) have high capacity in MDG spending, (ii) are highly accountable, and (iii) receive stable and high-quality aid.

Debt Relief Initiatives, Development Assistance and Service Delivery in Africa

Debt Relief Initiatives, Development Assistance and Service Delivery in Africa PDF Author: African Development Bank
Publisher: Oxford University Press
ISBN: 0199565775
Category : Business & Economics
Languages : en
Pages : 204

Get Book Here

Book Description
The African Development Bank commissioned four case studies on Debt Relief Initiatives, Development Assistance and Service Delivery in Ghana, Malawi, Senegal, and Uganda from the last quarter of 2006 to mid 2007. The objective of the study was to appraise the extent to which debt relief resources are being used to improve social service delivery. There is strong agreement from all four case studies that debt relief created flexibility in governments spending by playing the role of flexible and predictable budget support. In this context, governments acquired more degrees of freedom to allocate debt relief resources in line with their own objectives. In all four countries debt relief resources were more easily transformed into MDG-related spending than tied aid. The case studies had a consensus in identifying the accountability of public institutions to civil society, through community monitoring or execution of expenditures, as the most effective means of enhancing spending effectiveness. This formed the basis for the success observed in program implementation. From the findings of the case studies it is clear that debt relief can lead to enhanced service delivery provided certain conditions prevail. These conditions can be influenced by donors as well as the willingness of beneficiary governments to undertake reforms. The general observation across the case studies is that debt relief has a major positive impact on service delivery, and progress towards the MDGs, when beneficiaries: (i) have high capacity in MDG spending, (ii) are highly accountable, and (iii) receive stable and high-quality aid.

Debt Relief Initiatives, Development Assistance and Service Delivery in Africa

Debt Relief Initiatives, Development Assistance and Service Delivery in Africa PDF Author:
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 0

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Book Description


Developing Countries

Developing Countries PDF Author: Thomas Melito
Publisher: DIANE Publishing
ISBN: 9780756703813
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
In 1996, the World Bank & the Internat. Monetary Fund (IMF) agreed to undertake a comprehensive approach, called the Heavily Indebted Poor Countries Initiative (HIPCI), for providing debt relief to the poorest & most indebted countries in the world. In Sept. 1999 the World Bank & the IMF agreed to enhance this initiative. This report: (1) assesses whether the enhanced HIPCI is likely to free up resources for poverty reduction & achieve the goal of debt sustainability; (2) describes the strategy to strengthen the link between debt relief & poverty reduction & how this strategy is to be implemented; & (3) describes the challenges creditors face in funding the 1999 initiative. Charts & tables.

Debt Relief Plays Key Role in Helping Sub-Saharan Africa

Debt Relief Plays Key Role in Helping Sub-Saharan Africa PDF Author:
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 4

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Book Description


Guinea-Bissau

Guinea-Bissau PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455213535
Category : Business & Economics
Languages : en
Pages : 75

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Book Description
According to IMF and IDA authorities, Guinea-Bissau had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities appreciated the country’s tremendous efforts to reestablish economic, social, and institutional stability. In view of this, in addition to debt relief agreed at the decision point under the Enhanced Initiative for HIPC, they also agreed to topping up assistance at the completion point.

Developing Countries

Developing Countries PDF Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 188

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Book Description


Debt Relief Initiatives and Poverty Alleviation

Debt Relief Initiatives and Poverty Alleviation PDF Author: Munyae M. Mulinge
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 416

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Book Description
The volume presents a pan-African perspective, giving an overview of the ?African debt dilemma?, causes, effects and policy options. It presents case studies on virtually all the southern, central- southern, and east African countries, and comparative studies on debt and poverty alleviation in sub-Saharan Africa in general, and in the SADC region in particular. An entire section is devoted to theoretical perspectives, covering topics such as debt forgiveness initiatives and poverty alleviation; debt, poverty, compliance and the classics of regression; the urbanisation of poverty, and dichotomous poverty alleviation strategies; and population variables.

Heavily Indebted Poor Countries Initiative - Status of Implementation

Heavily Indebted Poor Countries Initiative - Status of Implementation PDF 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.

Somalia

Somalia PDF Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 80

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Book Description
Somalia has been rebuilding state institutions and the economy since the end of the devastating civil war, with strong support from the international community. The civil war led to complete state collapse, with tremendous loss of human and physical capital. Since the 2012 Provisional Constitution that created the Federal Government of Somalia (FGS) and the Federal Member States (FMS), Somalia has successfully undertaken three national elections, and Parliamentary and Presidential elections were completed in May 2022. With financial and capacity development support from international partners, Somalia has pursued wide-ranging reforms to help strengthen key economic and financial policy institutions as well as improve governance.

Union of the Comoros

Union of the Comoros PDF Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1475576994
Category : Business & Economics
Languages : en
Pages : 62

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Book Description
In June 2010, the International Development Association (IDA) and the IMF agreed that Comoros had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. As a result of the debt reconciliation exercise for the completion point, the present value of eligible external debt at end-2009 has been revised upward. Full delivery of HIPC assistance together with additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative (MDRI) debt relief at the completion point would reduce Comoros’ external debt burden significantly.