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Author: Leonardo Hernández
Publisher: World Bank Publications
ISBN:
Category : Africa - Financiamiento de la ayuda
Languages : en
Pages : 36
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Book Description
Author: Leonardo Hernández
Publisher: World Bank Publications
ISBN:
Category : Africa - Financiamiento de la ayuda
Languages : en
Pages : 36
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Book Description
Author: Leonardo Hernandez
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages :
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Book Description
September 1996 Bilateral and multilateral creditors have made a significant effort to increase financial resources flowing to low-income African countries, helping them expand their import capacity. But the increasing share of pure grants and debt relief from bilateral donors in recent years has not allowed these countries to reduce their total indebtedness and solve their debt-overhang problem. Debt relief from bilateral donors has been neutral regarding recipient countries' import capacity. Hernández and Katada analyze the effects of bilateral debt forgiveness (part of official development assistance) on 32 low-income countries in Africa (1984-93). Asking whether it makes a difference for recipient countries to receive pure grants rather than official development assistance (ODA) debt relief, they focus on how one form of aid or the other affects the countries' import capacity. They conclude that: Grants allowed recipient countries to significantly expand their import capacity for 1984-93 as grants and import capacity have been increasing since 1984. But the increasing share of concessional lending and debt relief in recent years has not allowed these countries to reduce their total indebtedness and solve their debt overhang problem. Their arrears increased significantly. The biggest recipients of debt relief also received the lion's share of the increase in pure grants. Debt forgiveness and pure grants were allocated in a way not entirely consistent with standard economic hierarchies (such as poverty levels, indebtedness, and access to alternative sources of finance). Bilateral ODA debt forgiveness appears to be neutral in the sense of not having any significant impact on recipient countries' capacity to import. Bilateral ODA debt forgiveness has neither increased or curtailed the import capacity of the major recipient countries. During 1989-93, multilateral lending replaced the decrease in bilateral lending that, in turn, was caused by an increase in grants. (Bilateral ODA debt relief implies smaller cash flows because it is pseudo or accounting money and because with it goes reduced new lending from bilateral sources.) Private creditors have typically withdrawn money from the countries in the sample as grants increased. And debt relief has had a crowding-out effect on new lending. Bilateral donors are switching their development finance to Africa from concessional and nonconcessional lending to a combination of pure grants and ODA debt relief. This paper - a product of the International Finance Division, International Economics Department - is part of a larger effort in the department to monitor developments in highly indebted low income countries.
Author: Leonardo Hernandez
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
Author: Leonardo Hernández Tagle
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Leonardo HernaÌ ndez
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 0
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Author:
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 3
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Book Description
Author: United States. Congress. House. Committee on International Relations. Subcommittee on Africa
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 96
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Book Description
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.
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.
Author: United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Africa and Global Health
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 36
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Book Description
