Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative

This study evaluates progress under the HIPC initiative since the 2003 evaluation of the Independent Evaluation Group. It finds that the Enhanced HIPC initiative (the Initiative for Heavily Indebted Poor Countries) cut debt ratios in half for 18 co...

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Main Author:	Independent Evaluation Group
Format:	Publication
Language:	English en_US
Published:	Washington, DC: World Bank 2012
Subjects:	ACCOUNTABILITY ANNUAL RATE BILATERAL CREDITORS BORROWING COMMERCIAL CREDITORS COMMERCIAL DEBT COUNTERFACTUAL CREDITOR CREDITORS DEBT DEBT BURDEN DEBT BURDENS DEBT CANCELLATION DEBT FORGIVENESS DEBT MANAGEMENT DEBT MANAGEMENT CAPACITY DEBT OVERHANG DEBT RATIOS DEBT REDUCTION DEBT RELIEF DEBT RELIEF INITIATIVES DEBT RESCHEDULING DEBT SERVICE DEBT SERVICE PAYMENTS DEBT SERVICE RELIEF DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSES DEBT SUSTAINABILITY ANALYSIS DEBT-RELIEF DEBTOR DEBTOR COUNTRIES DEBTORS DEVELOPMENT STRATEGIES DIAGNOSTIC WORK ECONOMIC POLICY EVALUATION CAPACITY EXCESSIVE DEBT EXCHANGE RATES EXPENDITURE PRIORITIES EXPENDITURES EXTERNAL DEBT EXTERNAL DEBT SUSTAINABILITY EXTERNAL DEBTS FISCAL MANAGEMENT GOVERNMENT EXPENDITURES GROWTH RATE HEAVILY INDEBTED POOR COUNTRIES HIPC INCOME INVENTORY LAWS LONG-TERM DEBT LONG-TERM DEBT SUSTAINABILITY MULTILATERAL CREDITORS NET PRESENT VALUE NEW ENTRANTS PERFORMANCE CRITERIA POVERTY REDUCING POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRESENT VALUE PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE MANAGEMENT SYSTEMS PUBLIC EXPENDITURES REFORM PROGRAM REPAYMENT REPAYMENT CAPACITY RESOURCE ALLOCATION REVENUE MOBILIZATION SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOVEREIGN DEBT STRUCTURAL REFORMS SUBSIDIARY TRANSPARENCY UNCERTAINTY
Online Access:	http://documents.worldbank.org/curated/en/2006/06/6895520/debt-relief-poorest-evaluation-update-hipc-initiative http://hdl.handle.net/10986/7018

id	okr-10986-7018
recordtype	oai_dc
spelling	okr-10986-70182021-04-23T14:02:27Z Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative Independent Evaluation Group ACCOUNTABILITY ANNUAL RATE BILATERAL CREDITORS BORROWING COMMERCIAL CREDITORS COMMERCIAL DEBT COUNTERFACTUAL CREDITOR CREDITORS DEBT DEBT BURDEN DEBT BURDENS DEBT CANCELLATION DEBT FORGIVENESS DEBT MANAGEMENT DEBT MANAGEMENT CAPACITY DEBT OVERHANG DEBT RATIOS DEBT REDUCTION DEBT RELIEF DEBT RELIEF INITIATIVES DEBT RESCHEDULING DEBT SERVICE DEBT SERVICE PAYMENTS DEBT SERVICE RELIEF DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSES DEBT SUSTAINABILITY ANALYSIS DEBT-RELIEF DEBTOR DEBTOR COUNTRIES DEBTORS DEVELOPMENT STRATEGIES DIAGNOSTIC WORK ECONOMIC POLICY EVALUATION CAPACITY EXCESSIVE DEBT EXCHANGE RATES EXPENDITURE PRIORITIES EXPENDITURES EXTERNAL DEBT EXTERNAL DEBT SUSTAINABILITY EXTERNAL DEBTS FISCAL MANAGEMENT GOVERNMENT EXPENDITURES GROWTH RATE HEAVILY INDEBTED POOR COUNTRIES HIPC INCOME INVENTORY LAWS LONG-TERM DEBT LONG-TERM DEBT SUSTAINABILITY MULTILATERAL CREDITORS NET PRESENT VALUE NEW ENTRANTS PERFORMANCE CRITERIA POVERTY REDUCING POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRESENT VALUE PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE MANAGEMENT SYSTEMS PUBLIC EXPENDITURES REFORM PROGRAM REPAYMENT REPAYMENT CAPACITY RESOURCE ALLOCATION REVENUE MOBILIZATION SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOVEREIGN DEBT STRUCTURAL REFORMS SUBSIDIARY TRANSPARENCY UNCERTAINTY This study evaluates progress under the HIPC initiative since the 2003 evaluation of the Independent Evaluation Group. It finds that the Enhanced HIPC initiative (the Initiative for Heavily Indebted Poor Countries) 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. 2012-06-04T18:07:32Z 2012-06-04T18:07:32Z 2006 http://documents.worldbank.org/curated/en/2006/06/6895520/debt-relief-poorest-evaluation-update-hipc-initiative 978-0-8213-6656-1 http://hdl.handle.net/10986/7018 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTABILITY ANNUAL RATE BILATERAL CREDITORS BORROWING COMMERCIAL CREDITORS COMMERCIAL DEBT COUNTERFACTUAL CREDITOR CREDITORS DEBT DEBT BURDEN DEBT BURDENS DEBT CANCELLATION DEBT FORGIVENESS DEBT MANAGEMENT DEBT MANAGEMENT CAPACITY DEBT OVERHANG DEBT RATIOS DEBT REDUCTION DEBT RELIEF DEBT RELIEF INITIATIVES DEBT RESCHEDULING DEBT SERVICE DEBT SERVICE PAYMENTS DEBT SERVICE RELIEF DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSES DEBT SUSTAINABILITY ANALYSIS DEBT-RELIEF DEBTOR DEBTOR COUNTRIES DEBTORS DEVELOPMENT STRATEGIES DIAGNOSTIC WORK ECONOMIC POLICY EVALUATION CAPACITY EXCESSIVE DEBT EXCHANGE RATES EXPENDITURE PRIORITIES EXPENDITURES EXTERNAL DEBT EXTERNAL DEBT SUSTAINABILITY EXTERNAL DEBTS FISCAL MANAGEMENT GOVERNMENT EXPENDITURES GROWTH RATE HEAVILY INDEBTED POOR COUNTRIES HIPC INCOME INVENTORY LAWS LONG-TERM DEBT LONG-TERM DEBT SUSTAINABILITY MULTILATERAL CREDITORS NET PRESENT VALUE NEW ENTRANTS PERFORMANCE CRITERIA POVERTY REDUCING POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRESENT VALUE PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE MANAGEMENT SYSTEMS PUBLIC EXPENDITURES REFORM PROGRAM REPAYMENT REPAYMENT CAPACITY RESOURCE ALLOCATION REVENUE MOBILIZATION SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOVEREIGN DEBT STRUCTURAL REFORMS SUBSIDIARY TRANSPARENCY UNCERTAINTY
spellingShingle	ACCOUNTABILITY ANNUAL RATE BILATERAL CREDITORS BORROWING COMMERCIAL CREDITORS COMMERCIAL DEBT COUNTERFACTUAL CREDITOR CREDITORS DEBT DEBT BURDEN DEBT BURDENS DEBT CANCELLATION DEBT FORGIVENESS DEBT MANAGEMENT DEBT MANAGEMENT CAPACITY DEBT OVERHANG DEBT RATIOS DEBT REDUCTION DEBT RELIEF DEBT RELIEF INITIATIVES DEBT RESCHEDULING DEBT SERVICE DEBT SERVICE PAYMENTS DEBT SERVICE RELIEF DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSES DEBT SUSTAINABILITY ANALYSIS DEBT-RELIEF DEBTOR DEBTOR COUNTRIES DEBTORS DEVELOPMENT STRATEGIES DIAGNOSTIC WORK ECONOMIC POLICY EVALUATION CAPACITY EXCESSIVE DEBT EXCHANGE RATES EXPENDITURE PRIORITIES EXPENDITURES EXTERNAL DEBT EXTERNAL DEBT SUSTAINABILITY EXTERNAL DEBTS FISCAL MANAGEMENT GOVERNMENT EXPENDITURES GROWTH RATE HEAVILY INDEBTED POOR COUNTRIES HIPC INCOME INVENTORY LAWS LONG-TERM DEBT LONG-TERM DEBT SUSTAINABILITY MULTILATERAL CREDITORS NET PRESENT VALUE NEW ENTRANTS PERFORMANCE CRITERIA POVERTY REDUCING POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRESENT VALUE PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE MANAGEMENT SYSTEMS PUBLIC EXPENDITURES REFORM PROGRAM REPAYMENT REPAYMENT CAPACITY RESOURCE ALLOCATION REVENUE MOBILIZATION SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOVEREIGN DEBT STRUCTURAL REFORMS SUBSIDIARY TRANSPARENCY UNCERTAINTY Independent Evaluation Group Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative
description	This study evaluates progress under the HIPC initiative since the 2003 evaluation of the Independent Evaluation Group. It finds that the Enhanced HIPC initiative (the Initiative for Heavily Indebted Poor Countries) 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.
format	Publications & Research :: Publication
author	Independent Evaluation Group
author_facet	Independent Evaluation Group
author_sort	Independent Evaluation Group
title	Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative
title_short	Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative
title_full	Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative
title_fullStr	Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative
title_full_unstemmed	Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative
title_sort	debt relief for the poorest : an evaluation update of the hipc initiative
publisher	Washington, DC: World Bank
publishDate	2012
url	http://documents.worldbank.org/curated/en/2006/06/6895520/debt-relief-poorest-evaluation-update-hipc-initiative http://hdl.handle.net/10986/7018
_version_	1764399050887528448

Debt Relief for the Poorest : An Evaluation Update of the HIPC Initiative

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