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What does motivate lending and aid to the HIPCs?

Missale, Alessandro; Marchesi, Silvia - EconWPA - 2004

We examine both grants and net loans made to low income countries during the last two decades to understand the main reasons that motivated the behaviour of both donors and creditors. We find that the total amount of transfers to HIPCs, as compared to non-HIPCs, have been increasing with their...

Persistent link: https://www.econbiz.de/10005125525

HIPC and Trade Policy Reform: Some Early Observations

Walkenhorst, Peter - EconWPA - 2004

The HIPC Initiative requires countries receiving debt relief to undertake a Poverty Reduction Strategy programme involving elements of trade policy reform. This study reviews country experiences with respect to the impact of reforms of trade and trade-related policies on economic performance,...

Persistent link: https://www.econbiz.de/10005062598

Health Expenditures Under the HIPC Debt Initiative

Hepp, Ralf - EconWPA - 2005

One of the goals of the Heavily Indebted Poor Countries (HIPC) debt initiative is to provide additional resources for basic health care to the population of eligible developing countries. In this paper I investigate the effect of debt relief on per capita health expenditure in a sample of...

Persistent link: https://www.econbiz.de/10005062697

How Did Malawi Accumulate External Debt

Stambuli, P. Kalonga - EconWPA - 2003

Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding growth in the economy, exports capability or poverty reduction this paper much of the borrowing contracted during 1973-82 was consumed by balance of payments deficits caused by...

Persistent link: https://www.econbiz.de/10005062708

Paris Club Debt Relief, Traditional Frameworks and Implications for Poor Country Debt

Stambuli, P. Kalonga - EconWPA - 2003

This paper examines economic rationale and efficiency effects of proposals directed at alleviating debt problems of poor countries. Key to the investigation is determination of whether proposed mechanisms tackle fundamental causes of the debt crisis. The paper finds that despite the enthusiasm...

Persistent link: https://www.econbiz.de/10005408158

A non-linear Macroeconometric Impact Model of External Debt Cancellation in Severely Indebted Low Income Country (SILIC) Economies

thesis, P. Kalonga Stambuli PhD - EconWPA - 2003

On the basis of models I developed to simulate mathematical relationships between external debt and fiscal and balance of payments variables my thesis evaluates whether debt cancellation will overcome the debt overhang and crowding out effects of external debt and allow Severely Indebted Low...

Persistent link: https://www.econbiz.de/10005408182

External Debt Sustainability: Theory and Empirical Evidence

Arnone, Marco; Bandiera, Luca; Presbitero, Andrea - EconWPA - 2005

This paper is a review of the different approaches on external debt sustainability. The Heavily Indebted Poor Country (HIPC) Initiative was launched to assure a permanent exit from debt dependence. However, the IMF-World Bank program is not without faults, in particular for what concerns debt...

Persistent link: https://www.econbiz.de/10005556649

Hiccups for HIPCs

Burnside, Craig; Fanizza, Domenico - EconWPA - 2003

In this paper we discuss monetary and fiscal policy issues facing heavily-indebted poor countries (HIPCs) who receive debt reduction via the enhanced HIPC initiative. This debt relief program is distinguished from previous ones by its conditionality: freed resources must be used for poverty...

Persistent link: https://www.econbiz.de/10005561200

What Has 100 Billion Dollars Worth of Debt Relief Done for Low- Income Countries?

Chauvin, Nicolas Depetris; Kraay, Aart - EconWPA - 2005

Between 1989 and 2003, low-income countries received $100 billion in debt relief. The stated objectives for much of this debt relief have been to reduce debt overhang and to free up recipient government resources for development spending that would otherwise have been used for debt service. In...

Persistent link: https://www.econbiz.de/10005119433

IS INFLATION ALWAYS AND EVERYWHERE A NON-MONETARY PHENOMENON: EVIDENCE FROM UGANDA

David, KIHANGIRE Asiimwe; Albert, MUGYENYI - EconWPA - 2005

This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis … that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating … results suggest insufficient evidence to accept the research hypothesis, as Uganda’s inflation rate is significantly …

Persistent link: https://www.econbiz.de/10005125496