Download or read book Debt Relief Initiatives Development Assistance and Service Delivery in Africa written by African Development Bank and published by Oxford University Press. This book was released on 2009-04-23 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The African Development Bank commissioned four case studies on Debt Relief Initiatives, Development Assistance and Service Delivery in Ghana, Malawi, Senegal, and Uganda from the last quarter of 2006 to mid 2007. The objective of the study was to appraise the extent to which debt relief resources are being used to improve social service delivery. There is strong agreement from all four case studies that debt relief created flexibility in governments spending by playing the role of flexible and predictable budget support. In this context, governments acquired more degrees of freedom to allocate debt relief resources in line with their own objectives. In all four countries debt relief resources were more easily transformed into MDG-related spending than tied aid. The case studies had a consensus in identifying the accountability of public institutions to civil society, through community monitoring or execution of expenditures, as the most effective means of enhancing spending effectiveness. This formed the basis for the success observed in program implementation. From the findings of the case studies it is clear that debt relief can lead to enhanced service delivery provided certain conditions prevail. These conditions can be influenced by donors as well as the willingness of beneficiary governments to undertake reforms. The general observation across the case studies is that debt relief has a major positive impact on service delivery, and progress towards the MDGs, when beneficiaries: (i) have high capacity in MDG spending, (ii) are highly accountable, and (iii) receive stable and high-quality aid.
Download or read book Debt Relief Initiatives Development Assistance and Service Delivery in Africa written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Guinea Bissau written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-22 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to IMF and IDA authorities, Guinea-Bissau had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The authorities appreciated the country’s tremendous efforts to reestablish economic, social, and institutional stability. In view of this, in addition to debt relief agreed at the decision point under the Enhanced Initiative for HIPC, they also agreed to topping up assistance at the completion point.
Download or read book Debt Relief Plays Key Role in Helping Sub Saharan Africa written by and published by . This book was released on 1990 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Developing Countries written by United States. General Accounting Office and published by . This book was released on 2000 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Debt Relief Initiatives and Poverty Alleviation written by Munyae M. Mulinge and published by . This book was released on 2003 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume presents a pan-African perspective, giving an overview of the ?African debt dilemma?, causes, effects and policy options. It presents case studies on virtually all the southern, central- southern, and east African countries, and comparative studies on debt and poverty alleviation in sub-Saharan Africa in general, and in the SADC region in particular. An entire section is devoted to theoretical perspectives, covering topics such as debt forgiveness initiatives and poverty alleviation; debt, poverty, compliance and the classics of regression; the urbanisation of poverty, and dichotomous poverty alleviation strategies; and population variables.
Download or read book Republic of Congo written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-03-24 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Congo’s progress under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). In the view of the staff of IDA and the IMF, Congo has met in full all of the triggers for reaching the completion point. All key decisions, actions, and measures required to observe the triggers have been taken, including a satisfactory track record of implementation for public investment management, procurement, governance and anticorruption, improvement in the internal controls and accounting of the state-owned oil company, and oil commercialization.
Download or read book Heavily Indebted Poor Countries Initiative Status of Implementation written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-08-19 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews progress and issues in implementing the enhanced HIPC Initiative. In addition to updating information on the delivery of HIPC debt relief and its estimated costs, it discusses two particular issues: the decline in the participation of commercial and non-Paris Club bilateral creditors to the Initiative; and the preliminary list of countries that satisfy the indebtedness eligibility criterion under the extended HIPC sunset clause.
Download or read book Somalia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2023-12-18 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Somalia has been rebuilding state institutions and the economy since the end of the devastating civil war, with strong support from the international community. The civil war led to complete state collapse, with tremendous loss of human and physical capital. Since the 2012 Provisional Constitution that created the Federal Government of Somalia (FGS) and the Federal Member States (FMS), Somalia has successfully undertaken three national elections, and Parliamentary and Presidential elections were completed in May 2022. With financial and capacity development support from international partners, Somalia has pursued wide-ranging reforms to help strengthen key economic and financial policy institutions as well as improve governance.
Download or read book Union of the Comoros written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-02-08 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: In June 2010, the International Development Association (IDA) and the IMF agreed that Comoros had met the requirements for reaching the decision point under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. As a result of the debt reconciliation exercise for the completion point, the present value of eligible external debt at end-2009 has been revised upward. Full delivery of HIPC assistance together with additional bilateral assistance beyond HIPC and Multilateral Debt Relief Initiative (MDRI) debt relief at the completion point would reduce Comoros’ external debt burden significantly.
Download or read book Central African Republic written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-08-19 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on Central African Republic’s (CAR) completion point under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) and debt relief under the Multilateral Debt Relief Initiative (MDRI). In the view of International Development Association (IDA) and IMF staff, CAR has made satisfactory progress in meeting the requirements to reach the completion point. All the floating triggers have been fully implemented. Upon reaching the completion point under the enhanced HIPC Initiative, CAR will also qualify for additional debt relief under the MDRI.
Download or read book Debt Relief Initiatives written by Marco Arnone and published by Routledge. This book was released on 2016-05-13 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the recent debt crises in developing countries and analyzes the design and implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, by providing background concepts, pointing out the main drawbacks and suggesting a different approach to debt sustainability and debt relief programs. The authors merge academic, operational and institutional expertise, in order to provide an evaluation as complete and balanced as possible on the much-debated effectiveness of debt relief in fostering economic growth, reducing poverty and reaching debt sustainability. Marco Arnone and Andrea F. Presbitero assess the joint evolution of external and domestic public debt and produce original empirical evidence on the potential effects of public debt on investment, economic growth and institution-building in low- and middle-income countries. The book also explores relevant and up-to-date policy issues, such as the loans-grants mix and the development of responsible lending strategies in foreign assistance, the surge of non-concessional and domestic borrowing by low-income countries, and the impact of the 2008-2009 global financial crisis on debt sustainability.
Download or read book Guinea written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2012-10-31 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper was prepared by staffs of the International Monetary Fund and the World Bank in connection with the Executive Board’s consideration of Guinea’s Completion Point under the Enhanced Initiative for Heavily Indebted Poor Countries and debt relief under the Multilateral Debt Relief Initiative. It is based on the information available at the time it was completed on September 11, 2012. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Guinea or the Executive Board of the IMF.
Download or read book The Multilateral Debt Relief Initiative written by Elgie McFayden and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In June 2005, the major industrialized nations of the world, the G-8, agreed on a plan to relieve the debt of the worlds poorest and most indebted nations. Many of the nations which qualified for debt relief under this initiative were in Africa. The plan, supported by the World Bank, International Monetary fund and the African Development Bank came to be known as the Multilateral Debt Relief Initiative (MDRI). The primary objective of the program was to relieve up to 100 percent of the debt of those nations which met specific criteria for the program making it possible for impoverished nations, particularly those in Africa, to increase spending to help reduce poverty and address poverty related issues. Data suggests that debt relief to African nations, while plausible in theory, simply does not work. In 2004 for example, the average debt service among African nations participating in the debt relief program was $19 million. The average amount of new loans acquired by African nations participating in the program was over $25 million. Essentially, African nations are acquiring new loans faster than debt is being relieved. If poverty reduction is the primary goal of the debt relief program, why doesn't the international community focus their efforts on funding projects which address poverty and poverty related social and economic issues. In addition, data indicate the average annual debt service by African nations in the debt relief program accounts for 20 percent of the annual budget. When debt is relieved these same African nations generally increase spending on poverty and poverty related programs by a mere 1 percent. As such, this paper examines the impact of debt relief on African nations and the potential impact of alternative approaches to poverty reduction programs funded by the international community.
Download or read book C te d Ivoire written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-06-18 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Côte d’Ivoire’s debt sustainability analysis undertaken in connection with the Enhanced Initiative for Heavily Indebted Poor Countries. The crisis years led to a substantial increase in poverty and deterioration in living standards. The March 2007 Ouagadougou Political Accord provides a roadmap for reunification, national reconciliation, demobilization, and elections. Significant revenue efforts and overall expenditure restraint have resulted in a modest space for social and crisis-exit spending. To eliminate extrabudgetary spending in the future and enhance transparency, the authorities have established a range of safeguards.
Download or read book Dead Aid written by Dambisa Moyo and published by Macmillan. This book was released on 2009-03-17 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.
Download or read book Assessing Aid written by and published by World Bank Publications. This book was released on 1998 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
