compared to non-HIPCs, have been increasing with their debt level. Greater net transfers have taken the form of net loans from … of defencive lending and defencive granting. …

In this paper I investigate the effects of recent debt relief initiatives such as the Heavily Indebted Poor Countries … (HIPC) Debt Initiative of 1996 on resource flows to developing countries. Focusing on a sample of low-income countries, I … debt relief) in the 1990s and early 2000s? My estimates suggest that countries classified as HIPCs received higher …

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 sustainability analysis. The aim of this work is to present the IMF …

between debt repayments and growth. We make no statement on, and do not attempt to measure, any additional long-run effects of …

The purpose of the paper is twofold. First, I investigate whether numerous debt initiatives during the 1980s and 1990s … agreements were complemented later on by the Heavily Indebted Poor Countries (HIPC) debt relief initiative in 1996 and its … “enhanced” version in 1999. I find that, on average, debt relief has no effect on growth rates of developing countries. The …

transaction and distortions in the lending process itself, hence the debt crisis deserved mutual cooperation of the lenders and …This paper investigates underlying causes of the debt crisis that only surfaced with Mexico’s unilateral moratorium on … her foreign obligations in 1982. The paper investigates the evolutionary trend of LDC debt and the consequences for …

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 this paper we empirically assess the extent to which debt relief …

distinction between domestic and foreign-currency borrowing is central; concessional lending and grants may also make an important … used and concessional financing is available. The simultaneous presence of domestic and foreign debt, which characterizes a …