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New approaches to debt relief and debt sustainability in LDCs

Author

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  • Olav Bjerkholt

Abstract

This is a discussion paper prepared for Expert Group Meeting on resource mobilization for poverty eradication in the Least Developed Countries which was held in New York from 19-20 January 2004.

Suggested Citation

  • Olav Bjerkholt, 2004. "New approaches to debt relief and debt sustainability in LDCs," CDP Background Papers 005, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:cpaper:005
    as

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    File URL: http://www.un.org/en/development/desa/policy/cdp/cdp_background_papers/bp2004_5.pdf
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    References listed on IDEAS

    as
    1. Nancy Birdsall & John Williamson, 2002. "Delivering on Debt Relief: From IMF Gold to a New Aid Architecture," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 337, April.
    2. Jeffrey D. Sachs, 2002. "Resolving the Debt Crisis of Low-Income Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(1), pages 257-286.
    3. John T. Cuddington, 1997. "Analysing the Sustainability of Fiscal Deficits in Developing Countries," International Finance 9706001, University Library of Munich, Germany.
    4. Bernhard G. Gunter, 2001. "Does the HIPC Initiative Achieve its Goal of Debt Sustainability?," WIDER Working Paper Series DP2001-100, World Institute for Development Economic Research (UNU-WIDER).
    5. Daniel Cohen, 1998. "The Sustainability of African Debt," International Economic Association Series, in: Daniel Cohen (ed.), Contemporary Economic Issues, chapter 7, pages 160-181, Palgrave Macmillan.
    6. Ms. Christina Daseking & Mr. Robert Powell, 1999. "From Toronto Terms to the HIPC Initiative: A Brief History of Debt Relief for Low-Income Countries," IMF Working Papers 1999/142, International Monetary Fund.
    7. Cohen, Daniel, 1988. "The Management of the Developing Countries' Debt: Guidelines and Applications to Brazil," The World Bank Economic Review, World Bank, vol. 2(1), pages 77-103, January.
    8. Krugman, Paul, 1988. "Financing vs. forgiving a debt overhang," Journal of Development Economics, Elsevier, vol. 29(3), pages 253-268, November.
    9. Peter Hjertholm, 2001. "Debt Relief and the Rule of Thumb: Analytical History of HIPC Debt Sustainability Targets," WIDER Working Paper Series DP2001-68, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    poverty reduction; least developed countries; resource mobilizations; debt; HIPC initiative; millennium development goals.;
    All these keywords.

    JEL classification:

    • F3 - International Economics - - International Finance
    • G - Financial Economics
    • H - Public Economics

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