Title External borrowing by the Baltics, Russia and other countries of the Former Soviet Union : developments and policy issues / prepared by Ishan Kapur and Emmanuel van der Mensbrugghe

Published [Washington, D.C.] : International Monetary Fund, European II Dept., ©1997

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Description 1 online resource (43 pages) : illustrations Series IMF working paper ; WP/97/72 IMF working paper ; WP/97/72. Summary This paper highlights some issues surrounding the sustainability of the external borrowing strategies of the Baltics, Russia and other CIS countries (B-CIS) with the aim of drawing lessons for debt management by these countries and, in particular, for future borrowing on the international capital markets. Section II reviews the amounts and sources of external financing for the fifteen B-CIS countries during 1993-96, while Section III discusses the characteristics of their external debt position at the end of 1996-five years after the break-up of the Soviet Union and roughly two years after the beginning of serious stabilization efforts in most of these countries. Section IV presents some factors that should be taken into account in evaluating the external borrowing strategies of the B-CIS countries, particularly the fiscal aspects. Section V examines some possible policy conclusions from the analysis Bibliography Includes bibliographical references (pages 42-43) 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 Loans, Foreign -- Former Soviet republics Loans, Foreign -- Baltic States Debts, External -- Former Soviet republics Debts, External -- Baltic States Capital market. Saving and investment -- Former Soviet republics Capital market Debts, External Loans, Foreign Saving and investment Baltic States Soviet Union -- Former Soviet republics Form Electronic book Author Mensbrugghe, Emmanuel van der International Monetary Fund. European II Department. ISBN 1451895798 9781451895797 1281345482 9781281345486 1462353010 9781462353019 1451998554 9781451998559 9786613779052 6613779059

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