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

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

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) Part 3 ... important for assessing a country’s debt sustainability. In particular, country policies and institutional capability are used to grade countries and determine different debt ratio thresholds for them. ... 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...
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DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 1

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) 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...
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DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 2

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

... Debt Sustainability in Low Income Countries: Proposal for an Operational Framework and Policy Implications by Mark Allen and Gobind Nankani, IMF and IDA, February 3, 2004. 3 Debt Sustainability and ... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) Part ... 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,...
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DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 4

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) 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 2005, the Bank made resource allocations that were nearly five times higher for the governments in the top-performing...
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Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 5 docx

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) ... 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. ... the repayment period for IDA only countries has been shortened to 40 years and 35 years for blend countries. In each case there was a grace period of 10 years. During IDA 13, the terms were hardened...
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Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 6 docx

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) ... the repayment period for IDA only countries has been shortened to 40 years and 35 years for blend countries. In each case there was a grace period of 10 years. During IDA 13, the terms were hardened ... donors to replace foregone principal reflows over the repayment period of up to 40 years. IDA and its borrowers may face resource availability 2 Ibid footnote 3, page 12. 3 If grants are...
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Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 7 ppt

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) ... short-term debt to international reserves. Indicators of fiscal vulnerability should also be estimated for all low income countries. The PBA System2 1 Debt Sustainability in Low Income ... political, social and economic performance criteria. Nor is there much debate about the implications of the system for the policy autonomy of borrowers - particularly low- income borrowers....
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Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 8 doc

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) ... 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 ... of all low income countries in accordance with the performance of institutions and effectiveness of policies followed by choices of the most appropriate thresholds for the selected debt burden...
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Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 9 pptx

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) ... 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 Ratios ... 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...
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Tài liệu DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 10 doc

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-24 Technical Group Meeting (Washington, D.C. September 2 7-2 8 2004) ... 11. Debt Sustainability in Low Income Countries, Allen and Nankani, IMF & IDA, February 2004. 12. Debt Sustainability and Financing Terms in IDA 14, IDA, June 2004. 13. External Debt and ... 46. Debt Sustainability in Low Income Countries: Further Consideration on an Operational Framework and Policy Implications, IDA/SecM 200 4-0 629, IDA, September 10 2004. Annex 2 Country Performance...
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