Debt relief for the poorest : an evaluation update of the HIPC initiative

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Debt relief for the poorest : an evaluation update of the HIPC initiative

World Bank, 2006

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注記

"This evaluation was prepared by a team led by Shonar Lala and consisting of Rupa Ranganathan and Brett Libresco ..."-- from acknowledgments

At head of title: World Bank Independent Evaluation Group

Includes bibliographical references (p. 75-77)

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内容説明

This study evaluates progress under the HIPC initiative since IEG's 2003 evaluation. It finds that the Enhanced HIPC initiative cut debt ratios in half for 18 countries, but in eight of these countries, the ratios have come to once again exceed HIPC thresholds. Debt reduction alone is not a sufficient instrument to affect the multiple drivers of debt sustainability. Sustained improvements in export diversification, fiscal management, the terms of new financing, and public debt management are also needed, measures that fall outside the ambit of the HIPC initiative.

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