External Debt Sustainability in HIPC Completion Point Countries: An Update

June 1, 2009

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Jie Yang, and Dan Nyberg. External Debt Sustainability in HIPC Completion Point Countries: An Update, (USA: International Monetary Fund, 2009) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Agricultural commodities, Commodities, Debt sustainability, Export diversification, Exports, External debt, International trade, Oil

Keywords: Agricultural commodities, Country grouping, Debt sustainability, Export, Export diversification, Export diversification, Exports, External Debt Sustainability, Global, HIPC, HIPC completion, HIPC Completion point countries, HIPC country, HIPC CP country, HIPC decision point, HIPCs, Low-Income Countries, Oil, WP

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/128
Stock No:

WPIEA2009128
ISBN:

9781451872750
ISSN:

1018-5941

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