External Debt Sustainability in HIPC Completion Point Countries : An Update /

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 re...

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Detalles Bibliográficos
Autor principal: Yang, Jie
Otros Autores: Nyberg, Dan
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2009.
Colección:IMF Working Papers; Working Paper ; No. 2009/128
Acceso en línea:Full text available on IMF
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520 3 |a 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. 
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700 1 |a Nyberg, Dan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/128 
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