Addressing Debt Vulnerabilities in Small States : The Potential Role of New Financing Instruments

The papers in this series aim to provide a vehicle for publishing preliminary results on Macroeconomics and Fiscal Management (MFM) topics to encourage discussion and debate. This paper explores two new financing mechanisms that multilateral and bi...

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Bibliographic Details
Main Authors:	Haque, Tobias, Partow, Zeinab, Varma, Sona, Oliveira, Luiz Edgard
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	DEBT SOURCE PUBLIC EXTERNAL DEBT CREDIT MARKETS PLEDGES DEFICIT HOLDING DEBT ACCUMULATION CAPITAL MARKETS DEBT SUSTAINABILITY ANALYSES INTERNATIONAL CAPITAL REAL INTEREST RATES PARTICULAR DEBT FISCAL DEFICITS INTEREST DEBTORS DEBT STOCK INTEREST RATE PRIVATE CREDIT EXCHANGE LOCAL GOVERNMENTS LIQUIDITY DEBT MANAGEMENT DEBT STATISTICS DEVELOPING COUNTRIES GOVERNMENT BORROWING REPAYMENTS REAL INTEREST TOTAL DEBT INTERNATIONAL CAPITAL MARKETS EXPORTERS REVENUES PORTFOLIO LIQUIDITY RISK DOMESTIC DEBT MARKETS DEBT PORTFOLIOS DISCOUNT MULTILATERAL DEBT RELIEF MARKET ACCESS CURRENT ACCOUNT SURPLUSES INTERNATIONAL BANK DEBT BURDENS CREDITORS DEBT BURDEN CREDITOR CASH FLOWS INSTRUMENTS DEBT LEVEL OUTSTANDING DEBT STOCKS BUDGET INITIAL DEBT COMMERCIAL CREDITORS INDEBTEDNESS DOMESTIC CURRENCY NATURAL DISASTER DISBURSEMENT GRACE PERIODS ACCESS TO FINANCING PORTFOLIOS CURRENT ACCOUNT DEBTS MACROECONOMIC RISKS INTEREST RATES BANK DEBT TOTAL EXTERNAL DEBT NATURAL DISASTERS EXTERNAL INDEBTEDNESS MULTILATERAL CREDITORS MARKETS DEBT RETURN DEFICITS DEBT-RELIEF PUBLIC DEBT MANAGEMENT INTERNATIONAL DEBT DEBT SERVICING NEEDS MULTILATERAL DEBT DOMESTIC DEBT REAL INTEREST RATE AMORTIZATION PAYMENTS DEBT SERVICE TRUST FUNDS FINANCE CURRENT ACCOUNT DEFICITS EXPENDITURE DEBT LEVELS TRANSACTION DEBT SUSTAINABILITY ANALYSIS INTEREST PAYMENTS EXTERNAL DEBT STOCK DEBT REDUCTION EXTERNAL DEBT SERVICE COUNTRY DEBT DOMESTIC MARKETS LEGAL OBLIGATION FUTURE DEBT CRISES DEBT THRESHOLD COMMERCIAL TERMS RETURNS COMMERCIAL DEBT DEBT RELIEF INITIATIVES BUDGETS BAILOUTS REPAYMENT DEBT EXCHANGES CURRENT ACCOUNT DEFICIT INSTITUTIONAL CAPACITY DIVERSIFIED PORTFOLIOS FACE VALUE REAL EXCHANGE RATE DEBT STOCKS MARKET DEBT RATIOS NET PRESENT VALUE OF DEBT PUBLIC DEBT SOLVENCY PRIVATE DEBT MACROECONOMIC VARIABLES AVERAGE DEBT GOVERNMENT DEBT DEBT MARKETS STOCKS DEBT SERVICE REDUCTION INVESTMENT DEBT SERVICE OBLIGATIONS OUTSTANDING DEBT BILATERAL DONORS SHARE COMPOSITION OF DEBT DEBT RESTRUCTURING DEBT OBLIGATIONS EXTERNAL PUBLIC DEBT DEBT SERVICE PAYMENTS INSTITUTIONAL DEVELOPMENT DEBT REPAYMENTS EXTERNAL SHOCKS EXTERNAL DEBT INVESTMENTS TRUST FUND PUBLIC SECTOR DEBT DEBT THRESHOLDS DEBT FORGIVENESS SWAPS LEVEL OF DEBT AMOUNT OF DEBT EXTERNAL FINANCING MATURITIES DEBT SWAP EXCHANGE RATE DEBT SERVICING DEBT SUSTAINABILITY PUBLIC SPENDING DEBT CONVERSION BILATERAL CREDITORS LIABILITIES MARKET RETURNS DEBT REDUCTIONS EXTERNAL LIQUIDITY DEBT DYNAMICS CASH FLOW DEVELOPMENT BANK SWAP DEBT RELIEF BILATERAL DONOR INVESTING
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26067070/addressing-debt-vulnerabilities-small-states-potential-role-new-financing-instruments http://hdl.handle.net/10986/24009