... government debt service to
government revenue.
5
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical ...
2
d) Total Debt Service Ratio is the proportion of exports of goods and
non- factor services that are absorbed for debt service payments on both
long and shor...
... credit terms. Countries
1
Ibid footnote 3, page 10.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical ... years for blend countries without a significant decline in the grant
element. This would not be possible for IDA only countries that have
been judged to be in medium-l...
... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, D.C. September 2 7-2 8 2004) ... years and 47 percent after 40 years.
in order to enable countries in debt distress to receive grants is
questionable for reasons both of equity and creating excessi...
... debt
indicator is above the threshold value in which case it is necessary to
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for ... be estimated for all low income countries.
The PBA System
2
1
Debt Sustainability in Low Income Countries: Further Consideration on an Operational Fr...
... could achieve debt sustainability. This is
particularly important when IDA accounts for a small share of a
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS ... debt risk when only public and
Conclusions and Recommendations
59. The framework summarized in the paper
1
starts with a grouping of all
low income c...
... 2004.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, D.C. September 2 7-2 8 2004) ...
46.
Debt Sustainability in Low Income Countries: Further Consideration on an Operational
Framework and Policy Implications, IDA/SecM 200 4-0 6 29, IDA,...
... debt in the estimates
of total debt stock.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting ... of public and publicly guaranteed external debt to gross domestic
product and to exports, and debt service on the same debt to exports to
judge debt susta...
... total external debt or public and publicly
guaranteed debt.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical ... of debt indicators used for assessing debt sustainability
are imprecise and based on subjective judgements.
21. The HIPC Initiative launched in 199 6 an...
... Policies
7
Debt Indicator Strong Medium Poor
NPV of debt/ GDP 60 45 30
NPV of debt/ Exports 300 200 100
7
Ibid footnote 2.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE ... Footnote 19 in Debt Sustainability in Low Income Countries by Mark Allen and Gobind Nankani,
World Bank and IMF, February 2004.
bands, 10 percent ab...
...
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, D.C. September 2 7-2 8 2004)
Part ... stability and depth; banking sector
efficiency and resource mobilization; competitive environment for
the private sector; factor and product markets; and...