DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 2

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) Part 2 ... Low Income Countries: Proposal for an Operational Framework and Policy Implications by Mark Allen and Gobind Nankani, IMF and IDA, February 3, 20 04. 3 Debt Sustainability and Financing Terms ... countries. Debt Sustainability and Debt Indicators 8. Debt sustainability refers to a country’s ability to service its borrowing, foreign and domestic, public and publicly guaranteed, private non-guaranteed,...

DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 1

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) Part ... 18 Conclusions and Recommendations 18 CPIA 20 Debt Thresholds and Indicators 21 Annexes 1. Debt Indicators 23 2. Country Performance Ratings for 20 03 25 3. List of References 32 ABBREVIATIONS ... Country Policy and Institutional Assessment DSA Debt Sustainability Analysis DSF Debt Sustainability Framework GDP Gross Domestic Product GNI Gross National Income HIPC Highly Indebted Poor Countries...

DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 3

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) Part ... NPV of debt/ GDP 60 45 30 NPV of debt/ Exports 300 20 0 100 7 Ibid footnote 2. NPV of debt/ Government Revenue 25 0 20 0 150 Debt service/Exports 35 25 15 Debt Service/Government Revenue 40 30 20 7. ... assist low- income countries maintain sustainable debt levels and reduce the risk to IDA of debt problems in the countries in which IDA will provide a significant share of financing under IDA 14 and...

DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 4

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) Part ... b) determine the policy direction of new operations, and c) influence debt threshold targets. 2. World Bank staff uses a formula to divide up the funds available for low- income countries that includes ... “need” (income per capita) and “performance.” For the fiscal years 20 03 to 20 05, the Bank made resource allocations that were nearly five times higher for the governments in the top-performing...

Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 5 docx

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) ... of why countries with similar institutional and policy performance as judged by the CPIA and similar per capita income levels receive IDA allocations on different terms based on the debt indicators. ... or 25 years for blend countries without a significant decline in the grant element. This would not be possible for IDA only countries that have been judged to be in medium-level or high-level...

Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 6 docx

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) ... of why countries with similar institutional and policy performance as judged by the CPIA and similar per capita income levels receive IDA allocations on different terms based on the debt indicators. ... or 25 years for blend countries without a significant decline in the grant element. This would not be possible for IDA only countries that have been judged to be in medium-level or high-level...

Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 7 ppt

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) ... short-term debt to international reserves. Indicators of fiscal vulnerability should also be estimated for all low income countries. The PBA System 2 1 Debt Sustainability in Low Income ... Sustainability in Low Income Countries: Further Consideration on an Operational Framework and Policy Implications, IDA/SecM 20 0 4-0 629 , IDA, September 10 20 04. 2 Ibid footnote 16. 7. There...

Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 8 doc

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) ... solid basis for the international community, in general, and IDA, in particular, to allocate credits and grants to low- income countries in ways that foster debt sustainability and achievement ... requirements for IDA 14 during FY 0 6-0 8 are estimated to be $23 .1 billion, compared to $17.8 billion and $15.0 billion during IDA 13 and IDA 12 respectively. 2 The additional 1 Ibid footnote 3. 2 ...

Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 9 pptx

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) ... 2 d) Total Debt Service Ratio is the proportion of exports of goods and non- factor services that are absorbed for debt service payments on both long and short-term debt. Debt Burden ... The total debt outstanding to GDP or GNI ratio compares the amount of disbursed debt outstanding to the size of the economy. b) The total debt outstanding to exports of goods and non-factor...

Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 10 doc

... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G -2 4 Technical Group Meeting (Washington, D.C. September 2 7 -2 8 20 04) ... May 20 01. 46. Debt Sustainability in Low Income Countries: Further Consideration on an Operational Framework and Policy Implications, IDA/SecM 20 0 4-0 629 , IDA, September 10 20 04. Annex 2 Country ... Report, NSI, 20 02. 11. Debt Sustainability in Low Income Countries, Allen and Nankani, IMF & IDA, February 20 04. 12. Debt Sustainability and Financing Terms in IDA 14, IDA, June 20 04. 13....

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