Delivering on debt relief : from IMF gold to a new aid architecture /
Saved in:
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: | |
Format: | Print Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/4670725 |
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?