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Further Debt Relief for Low-Income Countries - Key Issues and Preliminary Considerations

Author : International Monetary Fund. Policy Development and Review Dept.

Publisher : International Monetary Fund

Page : 24 pages

File Size : 26,40 MB

Release : 2005-10-03

Category : Business & Economics

ISBN : 1498331718

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Book Description

The International Monetary and Finance Committee at its 2004 Annual Meetings called on the international community to provide assistance including “further debt relief” to low-income countries for achieving the Millennium Development Goals (MDGs). It reaffirmed the Fund’s “important role” in supporting lowincome countries and called on the Fund to consider “further debt relief and its financing.” More impetus for this request was provided by various recent proposals (summarized in Annex I). At their meeting in London in February, G7 Finance Ministers expressed their willingness to provide as much as 100 percent multilateral debt relief.



International Monetary Fund Annual Report 2021

Author : International Monetary Fund. Secretary's Department

Publisher : International Monetary Fund

Page : 74 pages

File Size : 43,16 MB

Release : 2021-10-04

Category : Business & Economics

ISBN : 1513568817

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Book Description

A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.



Global Waves of Debt

Author : M. Ayhan Kose

Publisher : World Bank Publications

Page : 403 pages

File Size : 13,14 MB

Release : 2021-03-03

Category : Business & Economics

ISBN : 1464815453

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Book Description

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.





Debt Relief for the Poorest

Author : Shonar Lala

Publisher : World Bank Publications

Page : 98 pages

File Size : 41,17 MB

Release : 2006-01-01

Category : Business & Economics

ISBN : 0821366572

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Book Description

This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability. Sustained improvements in export diversification, fiscal management, the terms of new financing, and public debt management are also needed, measures that fall outside the ambit of the HIPC initiative.



The Fund’s Lending Framework and Sovereign Debt - Preliminary Considerations

Author : International Monetary Fund. Legal Dept.

Publisher : International Monetary Fund

Page : 43 pages

File Size : 31,51 MB

Release : 2014-05-23

Category : Business & Economics

ISBN : 149834335X

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Book Description

As a follow-up to the Executive Board's May 2013 discussion, this paper considers a possible direction for reform of the Fund's lending framework in the context of sovereign debt vulnerabilities. The primary focus of this paper relates to the Fund's exceptional access framework, since it is in this context that the Fund will most likely have to make the difficult judgment as to whether the member's problems can be resolved with or without a debt restructuring. The objective of the preliminary approaches set forth in this paper is to reduce the costs of crisis resolution for both creditors and debtors—relative to the alternatives—thereby benefitting the overall system. These ideas are market-based and their eventual implementation would require meaningful consultation with creditors.



A Primer on Managing Sovereign Debt-Portfolio Risks

Author : Thordur Jonasson

Publisher : International Monetary Fund

Page : 133 pages

File Size : 50,49 MB

Release : 2018-04-06

Category : Business & Economics

ISBN : 1484350545

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Book Description

This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public debt managers to mitigate these risks. Debt management strategies analyzed in the context of helping reach debt portfolio targets and attain desired portfolio structures. Also, the paper outlines how LMOs could be integrated into a debt management strategy and serve as policy tools to reduce potential debt portfolio vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk management framework, interactions of debt management with fiscal policy, monetary policy, and financial stability, as well as efficient government bond markets.



Health Financing Revisited

Author : Pablo Enrique Gottret

Publisher : World Bank Publications

Page : 340 pages

File Size : 49,19 MB

Release : 2006-01-01

Category : Medical

ISBN : 082136586X

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Book Description

This overview of health financing tools, policies and trends--with a particular focus on challenges facing developing countries--provides the basis for effective policy-making. Analyzing the current global environment, the book discusses health financing goals in the context of both the underlying health, demographic, social, economic, political and demographic analytics as well as the institutional realities faced by developing countries, and assesses policy options in the context of global evidence, the international aid architecture, cross-sectoral interactions, and countries' macroeconomic frameworks and overall development plans.



Global Trends 2040

Author : National Intelligence Council

Publisher : Cosimo Reports

Page : 158 pages

File Size : 44,96 MB

Release : 2021-03

Category :

ISBN : 9781646794973

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Book Description

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.



Private Finance for Development

Author : Hilary Devine

Publisher : International Monetary Fund

Page : 161 pages

File Size : 19,56 MB

Release : 2021-05-14

Category : Business & Economics

ISBN : 1513571567

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Book Description

The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.