Uganda's External Debt and the HIPC Initiative

2001 ◽  
Vol 22 (2) ◽  
pp. 495-525 ◽  
Author(s):  
Peter B. Mijumbi
Keyword(s):  
External Debt ◽  
Hipc Initiative

Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) - Status of Implementation 2008

Policy Papers ◽  
2008 ◽  
Vol 2008 (71) ◽  
Author(s):  
Keyword(s):  
Recent Progress ◽  
Poor Country ◽  
External Debt ◽  
Debt Relief ◽  
Poor Countries ◽  
Consensus Recommendations ◽  
The Status ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative

This report provides an update on the status of implementation, impact and costs of the Enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). With a view to the upcoming Financing for Development meetings in Doha, the report not only reports on recent progress since mid-2007, but also on developments since the Monterrey Consensus recommendations on external debt relief.

scholarly journals Analyzing the impact of external debt on industrialization : the African franc zone case

2020 ◽  
Vol 7 (1) ◽  
pp. 885-914
Author(s):  
Daniel Deric MBOUNANG FOGANG ◽  
Jean TCHITCHOUA
Keyword(s):  
Linear Relationship ◽  
Direct Effect ◽  
External Debt ◽  
Smooth Transition ◽  
Franc Zone ◽  
Domestic Credit ◽  
Smooth Transition Regression ◽  
Hipc Initiative ◽  
The Impact ◽  
Panel Smooth Transition Regression

This paper uses data from 10 countries of the African franc zone from 1996 to 2017, to gauge the effect of external debt on industrialization in the presence of non-linearity. Our analyzes are done based on two aspects. Firstly, using a Panel Smooth Transition Regression (PSTR), our results show that there is a non-linear relationship between external debt and industrialization in the African franc zone, which depends on the level of the external debt stock, the threshold is $58.91 \%$ of GDP. While before this threshold, external debt has no direct effect on industrialization, after this threshold it is harmful to it. Secondly, an analysis in two periods (1996-2006 and 2007-2017) by the GLS and SUR methods shows that before 2006, the external debt was an asset for industrialization but after, it gave way to domestic credit. Thus, the external debt has become obsolete after reaching the completion point of the HIPC initiative, and would be a danger for the industrialization of the franc zone in the event of excess.

scholarly journals The Effectiveness of Debt Relief: Assessing the Influence of the HIPC Initiative and MDRI on Tanzania’s Health Sector

2019 ◽  
Vol 16 (2) ◽  
pp. 31-44
Author(s):  
Fernando Oggier
Keyword(s):  
Mortality Rate ◽  
Health Outcomes ◽  
International Development ◽  
Poor Country ◽  
External Debt ◽  
Health Financing ◽  
Graphical Analysis ◽  
Debt Relief ◽  
Development Aid ◽  
Hipc Initiative

Debt relief initiatives have been part of the international development sphere since the early 1990s. With the launch of the Heavily Indebted Poor Country (HIPC) Initiative in 1996 and the Multilateral Debt Relief Initiative (MDRI) in 2005 many countries have been able to successfully qualify for debt relief. Tanzania has been one of the primary beneficiaries of debt relief over the years. While empirical evidence demonstrates that the country’s economic growth has been positively impacted by debt relief initiatives, other aspects of human development need to be analyzed to ensure a comprehensive assessment of the HIPC Initiative and the MDRI. This study compiles Tanzania’s health data into a composite indicator to perform a graphical analysis to compare the trends between health outcomes and external debt. The graphical analysis is contextualized through a qualitative analysis of political, economic and health financing literature from the Bank of Tanzania, UNICEF and USAID. The results indicate that there health outcomes improved throughout the whole study’s time period particularly after the HIPC Initiative. The health financing literature also points to increased development expenditure during this period. Nonetheless, the effects of debt relief seem to diminish in the long-term due to fluctuations in external donors and logistical barriers to budget execution. Tanzania also continues to face socio-economic and geographic disparities in health outcomes and funding. Some of the literature also states that the country’s weak system of checks and balances and the lack of robust institutions could cause opportunistic policy preferences that might not necessarily improve Tanzania’s health outcomes. KEYWORDS: Child Mortality Rate; Debt Relief; External Debt; Heavily Indebted Poor Country Initiative; International Monetary Fund; Life Expectancy; Maternal Mortality Rate; Multilateral Debt Relief Initiative; Official Development Aid; Prevalence of Undernourishment

scholarly journals Debt Relief for the Poorest: An Assessment of the Heavily-Indebted Poor Countries (HIPC) Initiative

2004 ◽  
Vol 5 (2) ◽  
pp. 63-80
Author(s):  
Shalendra D. Sharma
Keyword(s):  
External Debt ◽  
Essential Element ◽  
Debt Relief ◽  
Full Potential ◽  
Poor Countries ◽  
Heavily Indebted Poor Countries ◽  
Hipc Initiative ◽  
Development Outcomes ◽  
High Level ◽  
Sustainability Assessments

High level of external debt poses a serious constraint on the ability of poor countries to pl.ll.'SUe sustainable development and reduce poverty. The Heavily Indebted Poor Countries (HIPC) Initiative was designed to relieve the high external debt of some of the world's poorest nations by either writing-off or reducing debt to sustainable levels. It was launched by the World Bank and the International Monetary Fund (IMF) in 19% and "enhanced" in 19()9 to expand and accelerate the process of debt relief and free scarce public resources fur sustainable economic development, in particular, broad based development to reduce poverty. Whether debt relief, in general, or the HIPC Initiative, in particular, can achieve such development outcomes has been the subject of much debate. 1bis paper argues while the HIPC initiative is a positive step towards debt relief and sustainability, it is important to note that sustainable debt is not an end in itself, but should be an essential element in realizing the growth needed to reduce poverty and achieve the Millennium Development Goals (MDGs). To realize the full potential of debt relief, donor countries will not only have to be more generous, and the recipient countries need to undertake deeper structural reforms, debt sustainability assessments should specifically take into account how the poor countries can achieve the MDGs.

scholarly journals Analyzing the impact of external debt on industrialization : the African franc zone case

2020 ◽  
Vol 7 (1) ◽  
pp. 883-911
Author(s):  
Daniel Deric MBOUNANG FOGANG ◽  
Jean TCHITCHOUA
Keyword(s):  
Linear Relationship ◽  
Direct Effect ◽  
External Debt ◽  
Smooth Transition ◽  
Franc Zone ◽  
Domestic Credit ◽  
Smooth Transition Regression ◽  
Hipc Initiative ◽  
The Impact ◽  
Panel Smooth Transition Regression

This paper uses data from 10 countries of the African franc zone from 1996 to 2017, to gauge the effect of external debt on industrialization in the presence of non-linearity. Our analyzes are done based on two aspects. Firstly, using a Panel Smooth Transition Regression (PSTR), our results show that there is a non-linear relationship between external debt and industrialization in the African franc zone, which depends on the level of the external debt stock, the threshold is $58.91 \%$ of GDP. While before this threshold, external debt has no direct effect on industrialization, after this threshold it is harmful to it. Secondly, an analysis in two periods (1996-2006 and 2007-2017) by the GLS and SUR methods shows that before 2006, the external debt was an asset for industrialization but after, it gave way to domestic credit. Thus, the external debt has become obsolete after reaching the completion point of the HIPC initiative, and would be a danger for the industrialization of the franc zone in the event of excess.

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