Public Debt Vulnerabilities in Low-Income Countries - The Evolving Landscape
November 3, 2015
Download PDF
Preview Citation
Format: Chicago
Summary
Over this period, improved macroeconomic performance in LICs, combined with HIPC/MDRI debt relief and high demand for commodities, contributed to improved LIC creditworthiness. At the same time, new borrowing opportunities emerged as a result of the accommodative liquidity conditions in international capital markets, the deepening of domestic financial markets for some LICs, and the growing lending activities of non-Paris Club countries. These new financing possibilities helped mitigate the decline in Paris Club lending to LICs and have been associated with a shift toward greater reliance on non-concessional credit. The changing financing landscape has been most significant for frontier LICs.
Subject: Debt relief, External borrowing, Fiscal risk, HIPC Initiative, Low-income developing countries, Multilateral debt relief initiative, Public debt
Publication Details
-
Pages:
---
-
Volume:
---
-
DOI:
---
-
Issue:
---
-
Series:
Policy Papers
-
Stock No:
---
-
ISBN:
---
-
ISSN:
---
