External Debt Sustainability in Hipc Completion Point Countries

34 Pages Posted: 15 Feb 2006

See all articles by Yan Sun

Yan Sun

International Monetary Fund (IMF) - Western Hemisphere Department

Date Written: September 2004

Abstract

This paper examines a number of structural factors affecting the external debt sustainability of HIPC completion point countries. It shows that (i) while comparing favorably with other low-income countries, the policy and institutional frameworks of completion point countries in general are still relatively weak, and their debt management practices remain inferior to international standards; and (ii) their export base remains narrow and fiscal revenue mobilization lags behind, even compared with many other low-income countries. Achieving and maintaining long-term debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new borrowing in support of sound macroeconomic policies.

Keywords: External debt sustainability, HIPC

JEL Classification: F34, F35, O19

Suggested Citation

Sun, Yan, External Debt Sustainability in Hipc Completion Point Countries (September 2004). IMF Working Paper No. WP/04/160. Available at SSRN: https://ssrn.com/abstract=878985

Yan Sun (Contact Author)

International Monetary Fund (IMF) - Western Hemisphere Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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