Title External debt histories of ten low-income developing countries : lessons from their experience / prepared by Ray Brooks, Kevin Ross, Robert Powell, Ydahlia A. Metzgen Quemarez, Doris C. Ross, Mariano Cortes, Saqib Rizavi, Benoit Ketchekmen and Francesca Fornasari

Published [Washington, D.C.] : International Monetary Fund, Policy Development and Review Department, 1998

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Description 1 online resource (140 pages) : illustrations Series [IMF working paper ; WP/98/72] IMF working paper ; WP/98/72. Summary Annotation The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Debts, External -- Developing countries -- Case studies Structural adjustment (Economic policy) -- Developing countries Exports -- Developing countries Debts, External Exports Structural adjustment (Economic policy) Auslandsschulden Developing countries Entwicklungsländer Genre/Form Case studies Form Electronic book Author Brooks, R. (Raymond), 1958- author. Ross, Kevin (Kevin L.), author. Powell, Robert (Economist) author Metzgen Quemarez, Ydahlia A., author. Ross, Doris C., author. Cortes, Mariano, author. Rizavi, Saqib, author. Ketchekmen, Benoit, author. Fornasari, Francesca, author. International Monetary Fund, issuing body. International Monetary Fund. Policy Development and Review Department. ISBN 1451895801 9781451895803 1281975508 9781281975508 1462371183 9781462371181 1452744203 9781452744209 9786613794024 6613794023 9781451849318 1451849311 ISSN 2227-8885

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