The HIPC Intitiative : The Goals, Additionality, Eligibility, and Debt Sustainability

Eaton, Jonathan

The HIPC Intitiative : The Goals, Additionality, Eligibility, and Debt Sustainability

The Highly Indebted Poor Country (HIPC) initiative has identified the cycle of debt rescheduling and restructurings of many of the poorest countries as a serious development problem. It has mobilized the lender community to restructure loans with the aim of generating debt sustainability: the elimination of chronic debt repayment problems. The initiative encourages much more coordination among the community of lenders, in particular between the World Bank and International Monetary Fund (IMF). It also calls for much greater transparency and involvement of the civil community than has occurred before. The initiative has introduced new and much improved measurements of the debt burdens of developing countries.

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Bibliographic Details
Main Author:	Eaton, Jonathan
Language:	English en_US
Published:	World Bank, Washington, DC 2002-06
Subjects:	ACCOUNTABILITY, ACCOUNTING, AMOUNT OF DEBT, BALANCE OF PAYMENTS, BORROWER, BORROWING, CAPITAL MARKETS, CASH FLOW, CLAIM, CREDIT TERMS, CREDITOR, CREDITORS, CURRENCY, CURRENT ACCOUNT, CURRENT DEBT, CURRENT DEBTS, DEBT, DEBT BURDEN, DEBT BURDENS, DEBT FORGIVENESS, DEBT LEVEL, DEBT LEVELS, DEBT MANAGEMENT, DEBT MANAGEMENT POLICIES, DEBT NEGOTIATIONS, DEBT OF COUNTRIES, DEBT OVERHANG, DEBT PROBLEMS, DEBT RATIOS, DEBT REDUCTION, DEBT REDUCTIONS, DEBT RELIEF, DEBT RELIEF INITIATIVE, DEBT REPAYMENT, DEBT REPORTING, DEBT RESCHEDULING, DEBT RESTRUCTURING, DEBT SERVICE, DEBT SERVICE BURDEN, DEBT SERVICE OBLIGATIONS, DEBT SERVICE PAYMENTS, DEBT SUSTAINABILITY, DEBT SUSTAINABILITY ANALYSES, DEBT SUSTAINABILITY ANALYSIS, DEBT-SERVICE, DEBT-SERVICE OBLIGATIONS, DEBT-SERVICE PAYMENTS, DEBTS, DEVELOPING COUNTRIES, DOMESTIC CREDITORS, DOMESTIC DEBT, DOMESTIC DEBTS, DOMESTIC FINANCIAL MARKETS, DURABLE, ECONOMETRIC EVIDENCE, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ELIGIBILITY CRITERIA, EVOLUTION OF DEBT, EXCHANGE RATES, EXCLUSION, EXPENDITURE, EXPENDITURES, EXPORT GROWTH, EXTERNAL DEBT, FACE VALUE, FINANCES, FINANCIAL CRISES, FINANCIAL FLOWS, FINANCIAL RESOURCES, FISCAL BALANCE, FISCAL BURDENS, FISCAL EXPENDITURE, FIXED EXCHANGE RATE, FLOW OF FUNDS, FOREIGN DIRECT INVESTMENT, FUTURE DEBT, FUTURE LOANS, GLOBAL DEVELOPMENT FINANCE, HIGH DEBT, INDEBTED, INDEBTED COUNTRIES, INDEBTED POOR COUNTRIES, INDEBTED POOR COUNTRY, INDEBTEDNESS, INTEREST RATE, INTEREST RATE DIFFERENTIALS, INTEREST RATES, INTERNATIONAL CAPITAL, INTERNATIONAL CAPITAL MARKETS, INVENTORIES, INVENTORY, JUDGMENT, LENDER, LENDERS, LEVELS OF DEBT, LOAN, LOCAL DEBT, LONG-TERM DEBT, LONG-TERM DEBT SUSTAINABILITY, LOW INTEREST RATE, LOWER DEBT, MACROECONOMIC POLICY, MISREPORTING, MONETARY FUND, MULTILATERAL CREDITORS, NUTRITION, OUTSTANDING DEBT, POSITIVE COEFFICIENTS, POVERTY ALLEVIATION, PRESENT VALUE, PRIVATE DEBTS, PRIVATE INVESTMENT, PRIVATE INVESTORS, PUBLIC EXPENDITURES, REAL EXCHANGE RATE, REAL EXCHANGE RATES, RECIPIENT COUNTRIES, SHARE OF DEBT, STOCK OF DEBT, TAX, TAX REVENUE, TOTAL DEBT, TOTAL DEBT STOCK, TRADITIONAL DEBT RELIEF, TRADITIONAL DEBT RESTRUCTURING MECHANISMS, TRANSPARENCY, VALUE OF DEBT,
Online Access:	http://documents.worldbank.org/curated/en/2002/06/19577217/hipc-intitiative-goals-additionality-eligibility-debt-sustainability-hipc-intitiative-goals-additionality-eligibility-debt-sustainability https://hdl.handle.net/10986/19061
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