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Post-Hipc Growth Dynamics in Sub-Saharan Africa
Bayraktar, Nihal - 2017
-Saharan Africa, especially in the subset of debt-ridden low-income countries. Over the past few years, these Completion Point …
Persistent link: https://www.econbiz.de/10012975535
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Does Debt Relief Improve Child Health? Evidence from Cross-Country Micro Data
Welander, Anna - 2017
This paper analyzes the effects of a multilateral debt relief program on child health. The International Monetary Fund and the World Bank launched the Heavily Indebted Poor Countries Initiative in the late 1990s to reduce the debt burdens of poor countries, and explicitly linked the initiative...
Persistent link: https://www.econbiz.de/10012967484
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Debt Overhang in Emerging Europe?
Brown, Martin - 2017
This paper assesses the extent to which debt overhang poses a constraint to economic activity in Emerging Europe, as the region emerges from the recent financial and economic crisis. At the macroeconomic level, it finds that the external imbalance problem for Emerging Europe has been in most...
Persistent link: https://www.econbiz.de/10012975793
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What Constrains Africa's Exports?
Freund, Caroline L. - 2017
This paper examines the effects of transit, documentation, and ports and customs delays on Africa?s exports. The …
Persistent link: https://www.econbiz.de/10012976719
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A Framework to Assess Debt Sustainability and Fiscal Risks Under the Belt and Road Initiative
Bandiera, Luca - 2019
This paper provides a framework to assess the impact of infrastructure investment expected under the Belt and Road Initiative (BRI) on the debt vulnerabilities of countries that are located on BRI transport and connectivity corridors in the absence of comprehensive and consistent information on...
Persistent link: https://www.econbiz.de/10012865490
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Cyclicality of Fiscal Policy in Sub-Saharan Africa : Magnitude and Evolution
Calderón, César - 2019
This paper studies the cyclical aspects of fiscal policy in Sub-Saharan Africa countries during 1970?2014. It compares … since 2002 in Sub-Saharan Africa, with incipient signs of a shift toward acyclical or more countercyclical policies. The …-Saharan Africa. Official development assistance is found to exacerbate the procyclical stance of fiscal policy in the region, but the …
Persistent link: https://www.econbiz.de/10012901508
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A Global Perspective on Effectiveness of Aid for Trade
Berrittella, Maria - 2017
Recent global initiatives on debt relief and development assistance call for increasing aid for trade to the poorest countries. The paper applies a multi-country computable general equilibrium model to measure the effectiveness of alternative aid for trade categories. The findings show that aid...
Persistent link: https://www.econbiz.de/10012975136
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To Give or to Forgive? Aid Versus Debt Relief
Cordella, Tito - 2017
Is generalized debt relief an effective development strategy, or should assistance be tailored to countries' characteristics? To answer this question, the authors build a simple model in which recipient governments reveal their creditworthiness if donors offer them to choose between aid and debt...
Persistent link: https://www.econbiz.de/10012975676
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Who Gets Debt Relief?
Depetris Chauvin, Nicolas M.; Kraay, Aart - 2007
The authors use preliminary results from an ongoing effort to construct estimates of debt relief to study its allocation across a sample of 62 low-income countries. They find some evidence that debt relief, particularly from multilateral creditors, has been allocated to countries with better...
Persistent link: https://www.econbiz.de/10014056705
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Threshold Effects in International Lending
Grootaert, Christian - 2017
The author's dynamic model of international borrowing subject to credit constraint was developed for an economy with increasing returns to physical capital. Increases in the capital stock within the nonconvex range increase debtor borrowing opportunities. Conversely, a temporary liquidity shock...
Persistent link: https://www.econbiz.de/10012746946