Special Report on
Debt overhang, debt relief
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Until now, there are two types of definition of debt sustainability: i) the purely economic definition of sustainability that emphasizes the debtor’s ability to pay, ii) and a definition that seeks to ensure a sustenance for the debtor’s population while achieving the millennium objectives. The first definition is generally used in the World Bank and the International Monetary Fund studies. The Debt Sustainability Framework of the BWI The World Bank and the International Monetary Fund (IMF) have established a new referential framework to determine debt sustainability for low-income countries, called the Debt ...
Liberia is closed to completing the Heavily Indebted Poor Countries Initiative (HIPC) following the endorsement of its economic performance in the United States of America by the Board of Directors of the International Monetary Fund (IMF). The West African nation now awaits a similar endorsement from the Executive Board of the World Bank which meets early next week in Washington DC, USA to complete the HIPC Initiative. The outcome of the World Bank meeting next Tuesday will afford Liberia the chance to know whether the total US$5 billion debt overhang to its multilateral and bilateral ... Read More
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