As part of the Fund's ongoing work on sovereign debt restructuring, in October 2014 the Executive Board endorsed the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed...

endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds. Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly excludes the obligation to...

The IMF Executive Board endorsed in October 2014 the inclusion of key features of enhanced pari passu provisions and collective action clauses (CACs) in new international sovereign bonds.1 Specifically, the Executive Board endorsed the use of (i) a modified pari passu provision that explicitly...

Introduction / Caroline Moser -- Intergenerational asset accumulation and poverty reduction in Guayaquil, Ecuador, 1978-2004 / Caroline Moser and Andrew Felton -- Learning from asset-based approaches to poverty / Michael R. Carter -- The stages-of-progress methodology and results from five...

Machine generated contents note: 1 Welfare Reform: An Agenda for Reauthorization -- Ron Haskins and Rebecca M. Blank -- Part II: The Biggest Issues -- 2 Implementation of the Personal Responsibility -- Act of 1996 -- Thomas L. Gais, Richard P? Nathan, Irene Lurie, -- and Thomas Kaplan --...

"Series of well-written articles examines regional poverty and income distribution. Includes separate articles on Argentina, Brazil, Chile, Mexico, Peru, and Venezuela, as well as over 150 tables. Valuable contribution"--Handbook of Latin American Studies, v. 57

Market transitions and the poor: new coalitions for economic reform? -- From emergency employment to social investment: politics, adjustment, and poverty in Chile -- The politics of protecting the poor during adjustment: Bolivia's emergency social fund -- The politics of reform without a safety...

This paper reviews Azerbaijan’s State Program on Poverty Reduction and Economic Development 2003–2005 (SPPRED). The Poverty Reduction Program in Azerbaijan has attracted an extensive and high degree of interest, matching its complexity and scope. The main objective of the SPPRED is to define...