External Debt Sustainability in HIPC Completion Point Countries

September 1, 2004

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Format: Chicago

Yan M Sun. External Debt Sustainability in HIPC Completion Point Countries, (USA: International Monetary Fund, 2004) accessed November 24, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines a number of structural factors affecting the external debt sustainability of HIPC completion point countries. It shows that (i) while comparing favorably with other lowincome countries, the policy and institutional frameworks of completion point countries in general are still relatively weak, and their debt management practices remain inferior to international standards; and (ii) their export base remains narrow and fiscal revenue mobilization lags behind, even compared with many other low-income countries. Achieving and maintaining long-term debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new borrowing in support of sound macroeconomic policies.

Subject: Debt sustainability, Exports, External debt, Fiscal policy, Government debt management, Institutional arrangements for revenue administration, International trade, Public financial management (PFM), Revenue administration, Revenue mobilization

Keywords: Country paper, Debt, Debt management, Debt management capacity, Debt sustainability, Export, Export diversification, Exports, External debt sustainability, Global, Government debt management, HIPC, HIPC Completion Point Countries, HIPC country, HIPCs, Institutional arrangements for revenue administration, Point country, PRGF country, Revenue mobilization, WP

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/160
Stock No:

WPIEA1602004
ISBN:

9781451857771
ISSN:

1018-5941

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