HIPC Relief: Too Late, Too Little?: Perspectives from a New Qualifier, Tanzania

Ammon V. Y. Mbelle

No DP2002-122, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In 1970 the external debt of Tanzania, a least developed country, was 16.8 per cent of GDP and 58.6 per cent of exports. The ratio of per capita debt to per capita income was 14.4 per cent. By 2001 the debt had reached just over 100 per cent of GDP and over 11 times the value of exports, with a per capita debt to per capita income ratio of 102 per cent. By any wisdom this is a terrifying story. Efforts to address the debt burden have involved own initiatives and global initiatives, the latest being the enhanced HIPC Initiative. What are the new prospects?

Keywords: Budget deficits; Public debt; Government spending policy; Poverty; Public administration (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2002-122

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