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borrowing is positively and significantly related to capital flight, suggesting that to a large extent capital flight is debt …We investigate the determinants of capital flight from 30 sub-Saharan African countries, including 24 countries …-fueled. We estimate that for every dollar of external borrowing in the region, roughly 80 cents flowed back as capital flight in …
Persistent link: https://www.econbiz.de/10010456979
borrowing is positively and significantly related to capital flight, suggesting that to a large extent capital flight is debt …We investigate the determinants of capital flight from 30 sub-Saharan African countries, including 24 countries …-fueled. We estimate that for every dollar of external borrowing in the region, roughly 80 cents flowed back as capital flight in …
Persistent link: https://www.econbiz.de/10011526982
significant number of debtors with overdue debts permanently escape from debt collectors. Accordingly, in our sample, overdue … and society. We recommend paying more attention to smoothing credit cycles and resolving non-performing debt obligations. …
Persistent link: https://www.econbiz.de/10012612564
This 2007 Article IV Consultation underlies that strong macroeconomic policies have enabled Cambodia to achieve impressive growth and make inroads into poverty. Supported by prudent fiscal and monetary policies that have strengthened the economy’s resilience to shocks, growth has averaged...
Persistent link: https://www.econbiz.de/10011244160
In April 2009, the Boards of Executive Directors of the International Development Association (IDA) and the International Monetary Fund (IMF) agreed that Côte d’Ivoire had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC)...
Persistent link: https://www.econbiz.de/10011244164
and caused serious fiscal losses. The new financing strategy is based on issuing debt instruments in the regional … financial market to improve the domestic debt profile. IMF staff recommends completion of the second review, granting of waivers …
Persistent link: https://www.econbiz.de/10011244185
This paper discusses key findings of the 2005 Status Report on Poverty Reduction Strategy Paper (PRSP) on Niger. The report is based on an assessment of economic and financial performance and sectoral policy and strategy implementation in 2005. The findings reveal that implementation of the...
Persistent link: https://www.econbiz.de/10011244221
This paper discusses Haiti’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries. Substantial advances have been made toward meeting the four triggers not fully implemented, and the authorities are committed to further progress in the near future. These triggers...
Persistent link: https://www.econbiz.de/10011244242
The economy of Honduras contracted as a result of the global economic crisis. In the economic policy area, the authorities gave priority to strengthening the financial position of the public sector and restarting the external assistance. Measures are taken to strengthen the fiscal position, in...
Persistent link: https://www.econbiz.de/10011244248
Iran's 2005 Article IV Consultation highlights Fourth Five-Year Development Plan (FFYDP) and the Twenty-Year Vision. The country's real GDP growth reached 5½ percent a year on average, unemployment declined, and macroeconomic indicators improved significantly, supported by favorable oil...
Persistent link: https://www.econbiz.de/10011244296