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The HIPC debt relief initiative: Uganda's experience

Muwanga-Zake, E. S. K.; Ndhaye, Stephen - 2001

Since the mid-1980s Uganda has had debt strategies, which clearly laid down procedures for negotiating new loans and … and debt reduction operations. Uganda became the first country to qualify for the heavily indebted poor countries (HIPCs … decline in export proceeds and increased disbursements from old and new loans. Having qualified for the first HIPC, Uganda had …

Persistent link: https://www.econbiz.de/10010279282

Making debt relief conditionality pro-poor

Morrissey, Oliver - 2002

This paper considers how the conditionality inherent in HIPC debt relief should be constituted to promote pro-poor policies. There are two dimensions to this. First, the extent to which the policies proposed are pro-poor. Second, the potential for releasing resources for pro-poor expenditures....

Persistent link: https://www.econbiz.de/10010279026

Debt relief under the HIPC initiative: Context and outlook for debt sustainability and resource flows

Abrego, Lisandro; Ross, Doris C. - 2001

This paper analyses debt relief efforts by creditors to alleviate the debt burden of lowincome countries. The Heavily Indebted Poor Countries (HIPC) Initiative builds on traditional debt relief, and for the first time involves relief on multilateral debt. It seeks to reduce debt to sustainable...

Persistent link: https://www.econbiz.de/10010279082

Will HIPC matter? The debt game and donor behaviour in Africa

Birdsall, Nancy; Claessens, Stijn; Diwan, Ishac - 2002

In this paper we focus on the question: will the HIPC debt reduction programme help in the transformation of the development assistance business and change the rules of the ‘debt game’ in Africa? We concentrate on the donor and official creditor side, by exploring how the growing debt of...

Persistent link: https://www.econbiz.de/10010279105

Achieving sustainable universal primary education through debt relief: The case of Kenya

Nafula, Nancy N. - 2002

This study critically reviews the education sector in Kenya and the challenges facing the sector in achieving universal primary schooling. The study argues that the introduction of cost-sharing system in Kenya has resulted in high dropout and repetition rates, low transition and completion...

Persistent link: https://www.econbiz.de/10010279137

The uncertainty of debt service payments and economic growth of HIPCs: Is there a case for debt relief?

Dijkstra, Geske; Hermes, Niels - 2001

This paper investigates whether, and to what extent, the uncertainty with respect to the annual debt service payments may adversely affect economic growth of the group of highly indebted poor countries (HIPCs). We find supportive evidence for this hypothesis. Based on these results, we conclude...

Persistent link: https://www.econbiz.de/10010279163

Hiccups for HIPCs?

Burnside, Craig; Fanizza, Domenico - 2001

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/10010279169

Debt relief and the rule of thumb: Analytical history of HIPC debt sustainability targets

Hjertholm, Peter - 2001

This paper traces the origins of HIPC debt sustainability targets. These targets are interpreted as ‘switching values’, below which countries are expected to avoid debt service problems, but as such, they do not take into account that countries encounter debt problems for a variety of...

Persistent link: https://www.econbiz.de/10010279180

Debt relief under the HIPC initiative: Context and outlook for debt sustainability and resource flows

Abrego, Lisandro; Ross, Doris C. - 2002

Persistent link: https://www.econbiz.de/10010279274

Policies to roll-back the state and privatize? Poverty reduction strategy papers investigated

Marshall, Alison; Woodroffe, Jessica; Kjell, Petra - 2001

This paper investigates poverty reduction strategy papers (PRSPs), launched by the International Monetary Fund/World Bank in 1999 as conditions for debt relief and loans. It queries whether PRSPs really represent a shift away from the controversial structural adjustment programmes (SAPs) of the...

Persistent link: https://www.econbiz.de/10010279283