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Simulating the Effects of Debt Relief in Zambia

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  • Marko Nokkala

Abstract

The HIPC initiative for debt relief in the poorest countries has been extended to cover more countries. Zambia is one the countries accepted under the enhanced initiative for a debt relief of US$ 3.8 billion. In this paper, the possible effects of this debt relief are analysed using a social accounting matrix as a tool of analysis. Two alternative approaches were chosen: income transfers, and direct production support in the amount of the annual decrease in the debt service. Experiments show how debt service relief can contribute to national growth targets.

Suggested Citation

  • Marko Nokkala, 2001. "Simulating the Effects of Debt Relief in Zambia," WIDER Working Paper Series DP2001-118, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2001-118
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2001-118.pdf
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    References listed on IDEAS

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    1. Alwang, Jeffrey & Siegel, Paul B. & Jorgensen, Steen L., 1996. "Seeking guidelines for poverty reduction in rural Zambia," World Development, Elsevier, vol. 24(11), pages 1711-1723, November.
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    3. Neil McCulloch & Bob Baulch & Milasoa Cherel-Robson, 2000. "Poverty, Inequality and Growth in Zambia during the 1990s," Econometrics 0004004, University Library of Munich, Germany.
    4. Rich, Karl M. & Winter-Nelson, Alex & Nelson, Gerald C., 1997. "Political feasibility of structural adjustment in africa: an application of SAM mixed multipliers," World Development, Elsevier, vol. 25(12), pages 2105-2114, December.
    5. Khan, Haider A., 1999. "Sectoral Growth and Poverty Alleviation: A Multiplier Decomposition Technique Applied to South Africa," World Development, Elsevier, vol. 27(3), pages 521-530, March.
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    Cited by:

    1. Monica Beuran & Gaël Raballand & Julio Revilla, 2011. "Improving Aid Effectiveness in Aid-Dependent Countries: Lessons from Zambia," Documents de travail du Centre d'Economie de la Sorbonne 11040, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    2. Monica Beuran & Gaël Raballand & Julio Revilla, 2011. "Improving aid effectiveness in aid-dependent countries : lessons from Zambia," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00611901, HAL.

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