External Debt Sustainability in HIPC Completion Point Countries: An Update
Electronic Access:
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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.
Series:
Working Paper No. 2009/128
Subject:
Agricultural commodities Commodities Debt sustainability Export diversification Exports External debt International trade Oil
English
Publication Date:
June 1, 2009
ISBN/ISSN:
9781451872750/1018-5941
Stock No:
WPIEA2009128
Pages:
20
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