Public Debt and its Determinants in Low Income Countries - Results from 7 Country Case Studies

2008 ◽  
Author(s):  
Luca Bandiera
Keyword(s):  
Case Studies ◽  
Low Income ◽  
Public Debt ◽  
Low Income Countries

Guidance Note on the Fund’s Transparency Policy

Policy Papers ◽  
2010 ◽  
Vol 2010 (2) ◽  
Author(s):  
Keyword(s):  
Financial Crisis ◽  
Low Income ◽  
Public Debt ◽  
Global Financial Crisis ◽  
Low Income Countries ◽  
Debt Sustainability ◽  
Guidance Note ◽  
Fiscal Revenue ◽  
Near Term ◽  
The Global Financial Crisis

The global financial crisis has had a significant impact on low-income countries (LICs)’ debt vulnerabilities. Recent debt sustainability analyses (DSAs) indicate that external and fiscal financing requirements have increased. In addition, standard measures of a country’s capacity to repay debt?GDP, exports, and fiscal revenue?are expected to be permanently lower. On average, debt ratios are therefore expected to deteriorate in the near term, particularly for public debt.

Public Debt Vulnerabilities in Low-Income Countries - The Evolving Landscape

Policy Papers ◽  
2015 ◽  
Vol 15 (59) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Public Debt ◽  
Global Financial Crisis ◽  
Low Income Countries ◽  
International Capital ◽  
International Capital Markets ◽  
Underlying Causes ◽  
The Global Financial Crisis ◽  
Sustainability Framework ◽  
Paris Club

This is the first joint IMF/World Bank report on public debt vulnerabilities in low income countries (LICs). It examines debt-related developments and their underlying causes since the onset of the global financial crisis. The findings will inform the upcoming review of the IMF/WB debt sustainability framework for LICs. Over this period, improved macroeconomic performance in LICs, combined with HIPC/MDRI debt relief and high demand for commodities, contributed to improved LIC creditworthiness. At the same time, new borrowing opportunities emerged as a result of the accommodative liquidity conditions in international capital markets, the deepening of domestic financial markets for some LICs, and the growing lending activities of non-Paris Club countries. These new financing possibilities helped mitigate the decline in Paris Club lending to LICs and have been associated with a shift toward greater reliance on non-concessional credit. The changing financing landscape has been most significant for frontier LICs.

scholarly journals Case Studies in Tax Revenue Mobilization in Low-Income Countries

2019 ◽  
Author(s):  
Bernardin Akitoby ◽  
Jiro Honda ◽  
Hiroaki Miyamoto ◽  
Keyra Primus ◽  
Mouhamadou Sy
Keyword(s):  
Case Studies ◽  
Low Income ◽  
Low Income Countries ◽  
Tax Revenue

Vietnam Public Expenditure Review in the Period of 2007-2017 and Some Recommendations

2018 ◽  
Vol 34 (4) ◽  
Author(s):  
Hoang Khac Lich ◽  
Nguyen Thi Huyen
Keyword(s):  
Low Income ◽  
Public Debt ◽  
Budget Deficit ◽  
Public Expenditure ◽  
Low Income Countries ◽  
Viet Nam ◽  
State Budget ◽  
Total State ◽  
High Level ◽  
Budget Expenditure

This study explores the current situation of public spending of Vietnam in the period from 2007 to 2017. The results show that the total state budget expenditure has increased over the past 10 years; however the growth rate of public expenditure has reduced. The state budget deficit and the ratio of public debt to GDP have remained at a high level. The analysis also indicates that there has been an increase in the proportion of recurrent spending in total state budget expenditure. By constract, the percentage of investment expenditure tends to decrease. Expenditures on health, education and science and technology have risen in recent years. Keywords Public expenditure, budget deficit, public debt, development investment expenditures, recurrent expenditures References  [1] Barro, Robert J., “Government spending in a simple model of endogeneous growth”, Journal of Political Economy 98 (1990) 5: 103-125.[2] Ngân hàng Thế giới, “Đánh giá chi tiêu công Việt Nam: Chính sách tài khóa hướng tới bền vững, hiệu quả và công bằng”, 2017.[3] Ngân hàng Thế giới, “Cải thiện hiệu suất và công bằng trong chi tiêu công”, 2017.[4] Sanjeev Gupta, Benedict Clements; Emanuele Baldacci and Carlos Mulas-Granados, “Fiscal Policy, Expenditure Composition and Growth in Low-Income Countries”, Journal of International Money and Finance, 24 (2005) 3, 441-463.[5] Vũ Sỹ Cường, “Cải cách chi tiêu công: Từ lý luận đến thực tiễn ở Việt Nam”, Viện Chiến lược và Chính sách Tài chính, 2018.

Enhancing Financial Sector Surveillance in Low-Income Countries - Case Studies

Policy Papers ◽  
2012 ◽  
Vol 2012 (26) ◽  
Author(s):  
Keyword(s):  
Case Studies ◽  
Low Income ◽  
Low Income Countries ◽  
Financial Deepening ◽  
Market Failures ◽  
Payment Systems ◽  
Investor Confidence ◽  
Balanced Approach ◽  
Regulation Of Financial Markets ◽  
Macroeconomic Environment

This supplement presents ten case studies, which highlight the roles of targeted policies to facilitate sustainable financial deepening in a variety of country circumstances, reflecting historical experiences that parallel a range of markets in LICs. The case studies were selected to broadly capture efforts by countries to increase reach (e.g., financial inclusion), depth (e.g., financial intermediation), and breadth of financial systems (e.g., capital market, cross-border development). The analysis in the case studies highlights the importance of a balanced approach to financial deepening. A stable macroeconomic environment is vital to instill consumer, institutional, and investor confidence necessary to encourage financial market activity. Targeted public policy initiatives (e.g., collateral, payment systems development) can be helpful in removing impediments and creating infrastructure for improved market operations, while ensuring appropriate oversight and regulation of financial markets, to address potential sources of instability and market failures.

scholarly journals Case Studies in Tax Revenue Mobilization in Low-Income Countries

2019 ◽  
Vol 19 (104) ◽  
pp. 1 ◽  
Author(s):  
Bernardin Akitoby ◽  
Jiro Honda ◽  
Hiroaki Miyamoto ◽  
Keyra Primus ◽  
Mouhamadou Sy
Keyword(s):  
Case Studies ◽  
Low Income ◽  
Low Income Countries ◽  
Tax Revenue

Sovereign Debt Restructurings: An Overview of the Empirical Literature

2018 ◽  
Keyword(s):  
Emerging Markets ◽  
Case Studies ◽  
Low Income ◽  
Sovereign Debt ◽  
External Debt ◽  
Leading Edge ◽  
Sovereign Default ◽  
Low Income Countries ◽  
Empirical Literature ◽  
Domestic Debt

Emerging markets (EMs) and low-income countries (LIC) have experienced sovereign debt restructurings over decades. Moreover, sovereign default and restructurings are not only prominent in EMs and LICs, but also in advanced markets (AMs). With this background, we provide a survey of recent growing empirical literature on sovereign debt restructurings. We review four major streams of literature: (i) country case studies, (ii) private external debt restructurings, (iii) official external debt restructurings, and (iv) domestic debt restructurings. These streams of literature are completely complementary, and together cover the leading-edge issues in the area of sovereign debt.

scholarly journals Developing an international higher education partnerships between high and low-income countries: two case studies

2018 ◽  
Vol 3 (1) ◽  
pp. 94-100 ◽  
Author(s):  
Edwin Van Teijlingen ◽  
Sujan Babu Marahatta ◽  
Padam Simkhada ◽  
Malcolm McIver ◽  
Jiwan P. Sharma
Keyword(s):  
Higher Education ◽  
Case Studies ◽  
Low Income ◽  
Higher Education Institutions ◽  
Low Income Countries ◽  
The Sustainable Development ◽  
Study Approach ◽  
Global Partnership ◽  
Development Goals ◽  
National Partnership

Many people and departments in higher education institutions and hospitals across the globe have objectives that include cross-national partnership working, internationalisation, capacity-building and sharing education and research.  We find such commendable ideals at a global level in the Sustainable Development Goals (SDGs) to strategic plans of individual organisations from both low and high-income countries.  Using a case-study approach this paper offers insights into some of the key practical issues around global partnership working.  We use two case studies of a developing partnership between two separate higher education institutions from the United Kingdom (UK) and one from Nepal.  To inform and guide others interested in developing global partnerships we highlight key the reasons for, considerations about, key procedures around the development of such Nepal-UK partnerships and key challenges. Journal of Manmohan Memorial Institute of Health SciencesVol. 3, No. 1, 2017, page: 94-100

scholarly journals Domestic Public Debt in Low-Income Countries: Trends and Structure

2014 ◽  
Author(s):  
Giovanna Bua ◽  
Juan Pradelli ◽  
Andrea F. Presbitero
Keyword(s):  
Low Income ◽  
Public Debt ◽  
Low Income Countries
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