Delivering on debt relief : from IMF gold to a new aid architecture /

Delivering on debt relief : from IMF gold to a new aid architecture /

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Bibliographic Details
Author / Creator:Birdsall, Nancy.
Imprint:Washington, DC : Center for Global Development, Institute for International Economics, c2002.
Description:xiii, 162 p. : ill. ; 23 cm.
Language:English
Subject:
Debt relief -- Developing countries.
Debts, External -- Developing countries.
Loans, Foreign -- Developing countries.
Structural adjustment (Economic policy) -- Developing countries.
Debt relief.
Debts, External.
Loans, Foreign.
Structural adjustment (Economic policy)
Developing countries.
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/4670725
Hidden Bibliographic Details
Other authors / contributors:Williamson, John, 1937-
Deese, Brian.
ISBN:0881323314
Notes:"April 2002."
Includes bibliographical references (p. 147-150) and index.
Table of Contents:
  • Foreword
  • Preface
  • 1. Introduction
  • Group A versus Group B
  • Expanding Debt Relief
  • Reinventing the Aid Architecture
  • Appendix 1.1. Ten Questions about Debt and Debt Relief
  • 2. The HIPC Initiative: Background and Critiques
  • The Heavily Indebted Poor Countries
  • Recent Debt Relief Initiatives
  • The Enhanced HIPC Framework
  • Critiques of the Enhanced HIPC Initiative
  • 3. The Case for More
  • Debt Sustainability
  • The Millennium Development Goals
  • 4. What Form of More?
  • Political Resonance
  • Additionality
  • Redistribution
  • Efficiency
  • Country Selectivity
  • Summary
  • 5. Deepening and Extending Debt Reduction
  • Deeper Relief
  • Making More Countries Eligible
  • A Contingency Facility
  • Financing More Debt Relief
  • 6. A New Aid Architecture
  • The HIPC Procedure
  • Grants, Not Just Loans
  • Incremental Proposals to Increase Donor Accountability
  • Donor Incentives for Selectivity
  • Exploiting Multilateralism: The Common Pool
  • Sovereign Debt: Building on the HIPC Initiative
  • 7. Conclusions
  • Whether to Extend More Debt Relief
  • How to Extend the HIPC Initiative
  • Cost of the Extensions
  • Toward a New Aid Architecture
  • Appendix A. Multilateral Institutions Participating in the HIPC Initiative
  • Appendix B. Countries Classified by Income
  • Appendix C. Odious Debt
  • References
  • Glossary
  • Index
  • Tables
  • Table 2.1. Resource flows to HIPCs and all developing countries, 1980-99
  • Table 2.2. Growth in HIPCs and other developing countries, 1980-99
  • Table 2.3. Heavily indebted poor countries
  • Table 2.4. Debt statistics for HIPC countries
  • Table 4.1. Project versus nonproject activity: Commitments of bilateral ODA to the HIPCs, 1973-99
  • Table 5.1. Additional reduction needed for post-decision point HIPCs that are above the 2 percent threshold
  • Table 5.2. Cost to bring all non-decision point HIPCs below the 2 percent debt-to-GNP threshold
  • Table 5.3. Cost of Eurodad proposal for limiting debt service
  • Table 5.4. Debt indicators for potential HIPCs, 1999
  • Table 5.5. Debt statistics for other low-income countries, 1999
  • Table 5.6. Cost to bring all low-income countries below the 2 percent threshold for debt service to GNP and 150 percent threshold for debt to exports
  • Table 5.7. Hypothetical cost of contingency procedure
  • Table 6.1. Continued aid dependence of post-completion point HIPCs
  • Table C.1. Odious debt: Commitments to countries considered "Not Free" and "Corrupt"
  • Table C.2. Resource flows and other indicators for the Democratic Republic of Congo, 1970-99
  • Table C.3. Resource flows and other indicators for Kenya, 1970-99
  • Table C.4. Resource flows and other indicators for Nicaragua, 1970-99
  • Table C.5. Military and social spending by Nicaragua, 1979-99
  • Table C.6. Resource flows and other indicators for Pakistan, 1970-99
  • Table C.7. Resource flows and other indicators for Uganda, 1970-99
  • Figures
  • Figure 2.1. ODA loans to sub-Saharan Africa, 1970-99
  • Figure 2.2. World Bank and IMF loan disbursements to low-income countries, 1970-99
  • Figure 2.3. Debt ratios of HIPCs and other developing countries
  • Figure 2.4. Evolution of ODA disbursements from EU countries, 1980-99
  • Figure 2.5. Breakdown of debt by creditor, nominal debt stock, 1999
  • Figure 2.6. Realized and projected annual growth rates, 1980-2015
  • Figure 3.1. Ratio of NPV of debt-to-export for HIPCs at the decision point, projections, and past export trends
  • Figure 3.2. "Group of Eight" by Dan Wasserman
  • Figure 4.1. Aid to low-income countries in per capita terms, 1990-99
  • Figure 4.2. The increasing aid coordination challenge
  • Figure 4.3. Aid and debt, sub-Saharan Africa, 1977-87 and 1988-98
  • Figure 5.1. Cost estimates to public sector
  • Figure 5.2. Authors' proposals
  • Boxes
  • Box 1.1. The enhanced HIPC Initiative
  • Box 2.1. A short history of sovereign lending and default
  • Box 2.2. Debt initiatives
  • Box 3.1. The annual cost of achieving the Millennium Development Goals
  • Box 4.1. Aid accounting and debt relief
  • Box 4.2. The Central American Bank for Economic Integration
  • Box 4.3. The IMF's future role in development
  • Box 4.4. Aid does work--if...
  • Box 6.1. The PRSP challenge: Avoiding business as usual
  • Box 6.2. Assessing country performance: Selectivity using what measures?

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