Simulating the Effects of Debt Relief in Zambia

Marko Nokkala

No DP2001-118, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The HIPC initiative for debt relief in the poorest countries has been extended to cover more countries. Zambia is one the countries accepted under the enhanced initiative for a debt relief of US$ 3.8 billion. In this paper, the possible effects of this debt relief are analysed using a social accounting matrix as a tool of analysis. Two alternative approaches were chosen: income transfers, and direct production support in the amount of the annual decrease in the debt service. Experiments show how debt service relief can contribute to national growth targets.

Keywords: Public debt; Public expenditures; International finance; Poverty (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (2)

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