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External debt sustainability in HIPC completion point countries

Author: Yan Sun, (Economist); International Monetary Fund. Finance Department,
Publisher: [Washington, D.C.] : International Monetary Fund, Finance Dept., 2004.
Series: IMF working paper, WP/04/160.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Yan, Sun.
External debt sustainability in HIPC completion point countries.
[Washington, D.C.] : International Monetary Fund, Finance Dept., 2004
(OCoLC)57412966
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Yan Sun, (Economist); International Monetary Fund. Finance Department,
ISBN: 1451902905 9781451902907 9781451857771 1451857772
ISSN:2227-8885
OCLC Number: 679343252
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (33 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/04/160.
Other Titles: External debt sustainability in Heavily Indebted Poor Countries (HIPC) Initiative
Responsibility: prepared by Yan Sun.

Abstract:

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.

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