Does the HIPC Initiative Achieve its Goal of Debt Sustainability?

Bernhard Gunter ()

No DP2001-100, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper examines the question if the Heavily Indebted Poor Country (HIPC) Initiative provides a good basis for the HIPCs to exit from repeated debt rescheduling. Building on other reviews of the HIPC Initiative, the paper begins with a short summary of some key problems of the HIPC Initiative. It then reviews critically the growth assumptions of HIPC debt sustainability analyses, whereby the paper examines the changes in (i) public and private capital flows before and after the adoption of the HIPC Initiative, (ii) investment and savings rates, and (iii) sectoral transformations.

Keywords: Capital; Public debt; Economic assistance and foreign aid; Econometric models (Economic development); Macroeconomics (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (6)

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Working Paper: Does the HIPC Initiative Achieve its Goal of Debt Sustainability? (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2001-100

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