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lending to help Mongolia smooth its fiscal adjustment path after the major terms of trade shock. The fiscal deficit is … Management Performance Assessment (DeMPA), Mongolia has improved debt management procedures and has prepared a medium-term debt …
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Elaborating on Pasinetti (1998), the 'Geometry of Debt Sustainability' - GDS - represents a simple analytical tool for … the analysis of the long-run sustainability of foreign debt. GDS provides a simple analysis of three aspects of debt … sustainability. It points up how the 'structural' aspect - NICA, the non-interest current account - is closely interlinked with the …
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The history of debt relief goes back several decades. It reveals that a country's accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened...
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