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Author Ross, Kevin.

Title External Debt Histories of Ten Low-Income Developing Countries [electronic resource] : Lessons from Their Experience / Kevin Ross.

Published Washington, D.C. : International Monetary Fund, 1998.


Location Call No. Status
Physical description 1 online resource (140 p.)
Series IMF Working Papers; Working Paper ; No. 98/72
IMF Working Papers; Working Paper ; No. 98/72
Summary The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions.
Notes Description based on print version record.
Other author Brooks, R.
Cortes, Mariano.
Fornasari, Francesca.
Ketchekmen, Benoit.
Metzgen Quemarez, Ydahlia A.
Powell, Robert.
Rizavi, Saqib.
Ross, Doris C.
Ross, Kevin.
Subject Creditors
Debt Burden
Debt Stock
External Debt
ISBN 1451849311 : 15.00 USD
ISSN 1018-5941
Standard Number 10.5089/9781451849318.001