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External Debt Sustainability in HIPC Completion Point Countries: An Update

External Debt Sustainability in HIPC Completion Point Countries: An Update by Jie Yang
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Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base broadly remains narrow; (ii) fiscal revenue mobilization lags behind in some countries; and (iii) policy and institutional frameworks are still relatively weak. Achieving and maintaining longterm debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.
International Monetary Fund; June 2009
20 pages; ISBN 9781452767222
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Title: External Debt Sustainability in HIPC Completion Point Countries: An Update
Author: Jie Yang; Dan Nyberg
 
ISBNs
145191704X
9781451872750
9781451917048
9781452767222