Debt Relief for the Poorest : An OED Review of the HIPC Initiative
The review by the Operations Evaluation Department finds the Heavily Indebted poor Countries (HIPC) initiative highly relevant in addressing a key obstacle facing many poor countries. If the anticipated debt relief is delivered in full, the initiative will succeed in substantially achieving its fundamental goal of reducing the excessive debt burden of the qualifying countries. But the legitimizing process that helped make the initiative a reality has also expanded its objectives. The initiative seeks to provide a "permanent" exit from debt rescheduling, promote growth, and release resources for social expenditures targeted at poverty reduction. Achieving these objectives will require actions by donors and the HIPC governments that are beyond the scope and means of the initiative. Unmanageable debt is a problem that needs to be effectively dealt with, but it is also a result of economic and political factors constraining growth and poverty reduction. The HIPC Initiative is thus an important but small part of the overall development assistance framework. Having provided the HIPCs with an opportunity for a "fresh start," the international community still faces a challenge in helping these countries set out on a sustainable path for growth and poverty reduction.
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dig-okr-10986151642024-08-08T17:45:59Z Debt Relief for the Poorest : An OED Review of the HIPC Initiative Gautam, Madhur ACCOUNTABILITY AIC BENCHMARK CAPACITY BUILDING CAS CD CONDITIONALITY CREDITOR CREDITOR COUNTRIES CREDITORS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT REDUCTION DEBT RELIEF DEBT RESCHEDULING DEBT SERVICE DEBT STOCKS DEBT SUSTAINABILITY DEBTOR COUNTRIES DEBTORS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC STABILITY EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL INSTITUTIONS FLEXIBILITY GDP GROWTH PROJECTIONS HEAVILY INDEBTED POOR COUNTRIES HIPC IMPORTS INSTITUTIONAL DEVELOPMENT INVENTORY MACROECONOMIC POLICY MULTILATERAL DEBT NONGOVERNMENTAL ORGANIZATIONS POLICY CHANGES POLITICAL ECONOMY POVERTY REDUCTION PROGRAMS PUBLIC EXPENDITURE PUBLIC EXPENDITURES REPAYMENT RESOURCE ALLOCATION SOVEREIGN DEBT STRUCTURAL ADJUSTMENT SUBSIDIARY SUSTAINABILITY INDICATORS TRANSPARENCY POOR PEOPLE HEAVILY INDEBTED POOR COUNTRIES DEBT RELIEF DEBT RESCHEDULING DEBT MANAGEMENT POVERTY REDUCTION STRATEGIES POLICY FRAMEWORK INSTITUTIONAL CAPACITY EVALUATION METHODOLOGY DEBTOR COUNTRIES CAPACITY BUILDING EXPORT PERFORMANCE GOVERNANCE INSTITUTIONAL FRAMEWORK BORROWING POLICY PLANNING POVERTY REDUCTION The review by the Operations Evaluation Department finds the Heavily Indebted poor Countries (HIPC) initiative highly relevant in addressing a key obstacle facing many poor countries. If the anticipated debt relief is delivered in full, the initiative will succeed in substantially achieving its fundamental goal of reducing the excessive debt burden of the qualifying countries. But the legitimizing process that helped make the initiative a reality has also expanded its objectives. The initiative seeks to provide a "permanent" exit from debt rescheduling, promote growth, and release resources for social expenditures targeted at poverty reduction. Achieving these objectives will require actions by donors and the HIPC governments that are beyond the scope and means of the initiative. Unmanageable debt is a problem that needs to be effectively dealt with, but it is also a result of economic and political factors constraining growth and poverty reduction. The HIPC Initiative is thus an important but small part of the overall development assistance framework. Having provided the HIPCs with an opportunity for a "fresh start," the international community still faces a challenge in helping these countries set out on a sustainable path for growth and poverty reduction. 2013-08-19T17:19:32Z 2013-08-19T17:19:32Z 2003-04 http://documents.worldbank.org/curated/en/2003/05/2360797/debt-relief-poorest-oed-review-hipc-initiative 0-8213-5521-X https://hdl.handle.net/10986/15164 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC: World Bank |
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Banco Mundial |
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Estados Unidos |
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US |
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Biblioteca del Banco Mundial |
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English en_US |
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ACCOUNTABILITY AIC BENCHMARK CAPACITY BUILDING CAS CD CONDITIONALITY CREDITOR CREDITOR COUNTRIES CREDITORS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT REDUCTION DEBT RELIEF DEBT RESCHEDULING DEBT SERVICE DEBT STOCKS DEBT SUSTAINABILITY DEBTOR COUNTRIES DEBTORS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC STABILITY EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL INSTITUTIONS FLEXIBILITY GDP GROWTH PROJECTIONS HEAVILY INDEBTED POOR COUNTRIES HIPC IMPORTS INSTITUTIONAL DEVELOPMENT INVENTORY MACROECONOMIC POLICY MULTILATERAL DEBT NONGOVERNMENTAL ORGANIZATIONS POLICY CHANGES POLITICAL ECONOMY POVERTY REDUCTION PROGRAMS PUBLIC EXPENDITURE PUBLIC EXPENDITURES REPAYMENT RESOURCE ALLOCATION SOVEREIGN DEBT STRUCTURAL ADJUSTMENT SUBSIDIARY SUSTAINABILITY INDICATORS TRANSPARENCY POOR PEOPLE HEAVILY INDEBTED POOR COUNTRIES DEBT RELIEF DEBT RESCHEDULING DEBT MANAGEMENT POVERTY REDUCTION STRATEGIES POLICY FRAMEWORK INSTITUTIONAL CAPACITY EVALUATION METHODOLOGY DEBTOR COUNTRIES CAPACITY BUILDING EXPORT PERFORMANCE GOVERNANCE INSTITUTIONAL FRAMEWORK BORROWING POLICY PLANNING POVERTY REDUCTION ACCOUNTABILITY AIC BENCHMARK CAPACITY BUILDING CAS CD CONDITIONALITY CREDITOR CREDITOR COUNTRIES CREDITORS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT REDUCTION DEBT RELIEF DEBT RESCHEDULING DEBT SERVICE DEBT STOCKS DEBT SUSTAINABILITY DEBTOR COUNTRIES DEBTORS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC STABILITY EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL INSTITUTIONS FLEXIBILITY GDP GROWTH PROJECTIONS HEAVILY INDEBTED POOR COUNTRIES HIPC IMPORTS INSTITUTIONAL DEVELOPMENT INVENTORY MACROECONOMIC POLICY MULTILATERAL DEBT NONGOVERNMENTAL ORGANIZATIONS POLICY CHANGES POLITICAL ECONOMY POVERTY REDUCTION PROGRAMS PUBLIC EXPENDITURE PUBLIC EXPENDITURES REPAYMENT RESOURCE ALLOCATION SOVEREIGN DEBT STRUCTURAL ADJUSTMENT SUBSIDIARY SUSTAINABILITY INDICATORS TRANSPARENCY POOR PEOPLE HEAVILY INDEBTED POOR COUNTRIES DEBT RELIEF DEBT RESCHEDULING DEBT MANAGEMENT POVERTY REDUCTION STRATEGIES POLICY FRAMEWORK INSTITUTIONAL CAPACITY EVALUATION METHODOLOGY DEBTOR COUNTRIES CAPACITY BUILDING EXPORT PERFORMANCE GOVERNANCE INSTITUTIONAL FRAMEWORK BORROWING POLICY PLANNING POVERTY REDUCTION |
| spellingShingle |
ACCOUNTABILITY AIC BENCHMARK CAPACITY BUILDING CAS CD CONDITIONALITY CREDITOR CREDITOR COUNTRIES CREDITORS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT REDUCTION DEBT RELIEF DEBT RESCHEDULING DEBT SERVICE DEBT STOCKS DEBT SUSTAINABILITY DEBTOR COUNTRIES DEBTORS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC STABILITY EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL INSTITUTIONS FLEXIBILITY GDP GROWTH PROJECTIONS HEAVILY INDEBTED POOR COUNTRIES HIPC IMPORTS INSTITUTIONAL DEVELOPMENT INVENTORY MACROECONOMIC POLICY MULTILATERAL DEBT NONGOVERNMENTAL ORGANIZATIONS POLICY CHANGES POLITICAL ECONOMY POVERTY REDUCTION PROGRAMS PUBLIC EXPENDITURE PUBLIC EXPENDITURES REPAYMENT RESOURCE ALLOCATION SOVEREIGN DEBT STRUCTURAL ADJUSTMENT SUBSIDIARY SUSTAINABILITY INDICATORS TRANSPARENCY POOR PEOPLE HEAVILY INDEBTED POOR COUNTRIES DEBT RELIEF DEBT RESCHEDULING DEBT MANAGEMENT POVERTY REDUCTION STRATEGIES POLICY FRAMEWORK INSTITUTIONAL CAPACITY EVALUATION METHODOLOGY DEBTOR COUNTRIES CAPACITY BUILDING EXPORT PERFORMANCE GOVERNANCE INSTITUTIONAL FRAMEWORK BORROWING POLICY PLANNING POVERTY REDUCTION ACCOUNTABILITY AIC BENCHMARK CAPACITY BUILDING CAS CD CONDITIONALITY CREDITOR CREDITOR COUNTRIES CREDITORS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT REDUCTION DEBT RELIEF DEBT RESCHEDULING DEBT SERVICE DEBT STOCKS DEBT SUSTAINABILITY DEBTOR COUNTRIES DEBTORS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC STABILITY EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL INSTITUTIONS FLEXIBILITY GDP GROWTH PROJECTIONS HEAVILY INDEBTED POOR COUNTRIES HIPC IMPORTS INSTITUTIONAL DEVELOPMENT INVENTORY MACROECONOMIC POLICY MULTILATERAL DEBT NONGOVERNMENTAL ORGANIZATIONS POLICY CHANGES POLITICAL ECONOMY POVERTY REDUCTION PROGRAMS PUBLIC EXPENDITURE PUBLIC EXPENDITURES REPAYMENT RESOURCE ALLOCATION SOVEREIGN DEBT STRUCTURAL ADJUSTMENT SUBSIDIARY SUSTAINABILITY INDICATORS TRANSPARENCY POOR PEOPLE HEAVILY INDEBTED POOR COUNTRIES DEBT RELIEF DEBT RESCHEDULING DEBT MANAGEMENT POVERTY REDUCTION STRATEGIES POLICY FRAMEWORK INSTITUTIONAL CAPACITY EVALUATION METHODOLOGY DEBTOR COUNTRIES CAPACITY BUILDING EXPORT PERFORMANCE GOVERNANCE INSTITUTIONAL FRAMEWORK BORROWING POLICY PLANNING POVERTY REDUCTION Gautam, Madhur Debt Relief for the Poorest : An OED Review of the HIPC Initiative |
| description |
The review by the Operations Evaluation
Department finds the Heavily Indebted poor Countries (HIPC)
initiative highly relevant in addressing a key obstacle
facing many poor countries. If the anticipated debt relief
is delivered in full, the initiative will succeed in
substantially achieving its fundamental goal of reducing the
excessive debt burden of the qualifying countries. But the
legitimizing process that helped make the initiative a
reality has also expanded its objectives. The initiative
seeks to provide a "permanent" exit from debt
rescheduling, promote growth, and release resources for
social expenditures targeted at poverty reduction. Achieving
these objectives will require actions by donors and the HIPC
governments that are beyond the scope and means of the
initiative. Unmanageable debt is a problem that needs to be
effectively dealt with, but it is also a result of economic
and political factors constraining growth and poverty
reduction. The HIPC Initiative is thus an important but
small part of the overall development assistance framework.
Having provided the HIPCs with an opportunity for a
"fresh start," the international community still
faces a challenge in helping these countries set out on a
sustainable path for growth and poverty reduction. |
| topic_facet |
ACCOUNTABILITY AIC BENCHMARK CAPACITY BUILDING CAS CD CONDITIONALITY CREDITOR CREDITOR COUNTRIES CREDITORS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT REDUCTION DEBT RELIEF DEBT RESCHEDULING DEBT SERVICE DEBT STOCKS DEBT SUSTAINABILITY DEBTOR COUNTRIES DEBTORS DEVELOPMENT ASSISTANCE DEVELOPMENT STRATEGY ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC MODELS ECONOMIC PERFORMANCE ECONOMIC STABILITY EXPENDITURES EXPORT GROWTH EXPORTS EXTERNAL DEBT FINANCIAL INSTITUTIONS FLEXIBILITY GDP GROWTH PROJECTIONS HEAVILY INDEBTED POOR COUNTRIES HIPC IMPORTS INSTITUTIONAL DEVELOPMENT INVENTORY MACROECONOMIC POLICY MULTILATERAL DEBT NONGOVERNMENTAL ORGANIZATIONS POLICY CHANGES POLITICAL ECONOMY POVERTY REDUCTION PROGRAMS PUBLIC EXPENDITURE PUBLIC EXPENDITURES REPAYMENT RESOURCE ALLOCATION SOVEREIGN DEBT STRUCTURAL ADJUSTMENT SUBSIDIARY SUSTAINABILITY INDICATORS TRANSPARENCY POOR PEOPLE HEAVILY INDEBTED POOR COUNTRIES DEBT RELIEF DEBT RESCHEDULING DEBT MANAGEMENT POVERTY REDUCTION STRATEGIES POLICY FRAMEWORK INSTITUTIONAL CAPACITY EVALUATION METHODOLOGY DEBTOR COUNTRIES CAPACITY BUILDING EXPORT PERFORMANCE GOVERNANCE INSTITUTIONAL FRAMEWORK BORROWING POLICY PLANNING POVERTY REDUCTION |
| author |
Gautam, Madhur |
| author_facet |
Gautam, Madhur |
| author_sort |
Gautam, Madhur |
| title |
Debt Relief for the Poorest : An OED Review of the HIPC Initiative |
| title_short |
Debt Relief for the Poorest : An OED Review of the HIPC Initiative |
| title_full |
Debt Relief for the Poorest : An OED Review of the HIPC Initiative |
| title_fullStr |
Debt Relief for the Poorest : An OED Review of the HIPC Initiative |
| title_full_unstemmed |
Debt Relief for the Poorest : An OED Review of the HIPC Initiative |
| title_sort |
debt relief for the poorest : an oed review of the hipc initiative |
| publisher |
Washington, DC: World Bank |
| publishDate |
2003-04 |
| url |
http://documents.worldbank.org/curated/en/2003/05/2360797/debt-relief-poorest-oed-review-hipc-initiative https://hdl.handle.net/10986/15164 |
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AT gautammadhur debtreliefforthepoorestanoedreviewofthehipcinitiative |
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