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Unresolved sovereign debt problems are hurting debtor nations, their citizens and their creditors, and also can pose serious systemic threats to the international financial system. The existing contractual restructuring approach is insufficient to make sovereign debt sustainable. Although a more...
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sustainability in Tanzania, focusing on external debt. Though current and previous analyses using the IMF-World Bank debt … sustainability framework indicate low risk of public external debt distress, these analyses are sensitive to exchange rate volatility … borrowing. Moreover, empirical evidence of debt sustainability based on the fiscal reaction function approach is weak. The …
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