External Debt Histories of Ten Low-Income Developing Countries: Lessons From their Experience
The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroec...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
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Schriftenreihe: | IMF Working Papers
Working Paper No. 98/72 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions |
Beschreibung: | 1 Online-Ressource (140 p) |
ISBN: | 1451849311 9781451849318 |
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index_date | 2024-07-03T20:13:23Z |
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physical | 1 Online-Ressource (140 p) |
psigel | ZDB-1-IMF |
publishDate | 1998 |
publishDateSearch | 1998 |
publishDateSort | 1998 |
publisher | International Monetary Fund |
record_format | marc |
series2 | IMF Working Papers |
spelling | Ross, Kevin Verfasser aut External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience Ross, Kevin Washington, D.C International Monetary Fund 1998 1 Online-Ressource (140 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 98/72 The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions Online-Ausg Brooks, R. Sonstige oth Cortes, Mariano Sonstige oth Fornasari, Francesca Sonstige oth Ketchekmen, Benoit Sonstige oth Metzgen Quemarez, Ydahlia A. Sonstige oth Powell, Robert Sonstige oth Rizavi, Saqib Sonstige oth Ross, Doris C. Sonstige oth http://elibrary.imf.org/view/IMF001/02259-9781451849318/02259-9781451849318/02259-9781451849318.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Ross, Kevin External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience |
title | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience |
title_auth | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience |
title_exact_search | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience |
title_exact_search_txtP | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience |
title_full | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience Ross, Kevin |
title_fullStr | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience Ross, Kevin |
title_full_unstemmed | External Debt Histories of Ten Low-Income Developing Countries Lessons From their Experience Ross, Kevin |
title_short | External Debt Histories of Ten Low-Income Developing Countries |
title_sort | external debt histories of ten low income developing countries lessons from their experience |
title_sub | Lessons From their Experience |
url | http://elibrary.imf.org/view/IMF001/02259-9781451849318/02259-9781451849318/02259-9781451849318.xml |
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