IMF Working Papers

External Debt Sustainability in HIPC Completion Point Countries: An Update

By Jie Yang, Dan Nyberg

June 1, 2009

Download PDF

Preview Citation

Format: Chicago

Jie Yang, and Dan Nyberg. External Debt Sustainability in HIPC Completion Point Countries: An Update, (USA: International Monetary Fund, 2009) accessed December 23, 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

Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.

Subject: Agricultural commodities, Commodities, Debt sustainability, Export diversification, Exports, External debt, International trade, Oil

Keywords: Agricultural commodities, Country grouping, Debt sustainability, Export, Export diversification, Export diversification, Exports, External Debt Sustainability, Global, HIPC, HIPC completion, HIPC Completion point countries, HIPC country, HIPC CP country, HIPC decision point, HIPCs, Low-Income Countries, Oil, WP

Publication Details

  • Pages:

    20

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2009/128

  • Stock No:

    WPIEA2009128

  • ISBN:

    9781451872750

  • ISSN:

    1018-5941

You May Also Be Interested In...

Islamic Republic of Mauritania: Staff Report for the 2024 Article IV Consultation, Third Review Under the Arrangements Under the Extended Credit Facility and Extended Fund Facility, Request for Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

December 20, 2024

Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

December 20, 2024

Industrialization and the Big Push: Theory and Evidence from South Korea

December 20, 2024

The Union of the Comoros: Third Review under the Extended Credit Facility Arrangement and Request for Modifications of Performance Criteria and Waivers of Nonobservance of Performance Criteria -Press Release; Staff Report; and Statement by the Executive Director for The Union of the Comoros

December 19, 2024