tailieunhanh - DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES: POLICY AND RESOURCE IMPLICATIONS

Tham khảo sách 'debt sustainability framework for low income countries: policy and resource implications', kinh tế - quản lý, quản lý nhà nước phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES POLICY AND RESOURCE IMPLICATIONS Paper submitted for the G-24 Technical Group Meeting Washington . September 27-28 2004 Part 1 Nihal Kappagoda Research Associate The North-South Institute Nancy C. Alexander Director Citizen s Network on Essential Services CONTENTS Executive Summary Introduction 1 Debt Sustainability and Debt Indicators 2 Debt Sustainability Framework 6 Debt Distress 7 Performance Based Allocation System 10 Allocation of Grants 14 Financing of Grants 15 Concerns and Issues 16 Debt Sustainability Framework 16 The PBA System 17 Other Issues 18 Conclusions and Recommendations 18 CPIA 20 Debt Thresholds and Indicators 21 Annexes 1. Debt Indicators 23 2. Country Performance Ratings for 2003 25 3. List of References 32 ABBREVIATIONS CPIA Country Policy and Institutional Assessment DSA Debt Sustainability Analysis DSF Debt Sustainability Framework GDP Gross Dome stic Product GNI Gross National Income HIPC Highly Indebted Poor Countries IDA International Development Association ICP IDA Country Performance IMF International Monetary Fund IFI International Financial .