TY  - BOOK
AU  - Daseking,Christina
AU  - Powell,Robert
TI  - From Toronto Terms to the HIPC Initiative: A Brief History of Debt Relief for Low-Income Countries 
T2  - IMF Working Papers; Working Paper
SN  - 1451856237 :
SN  - 1018-5941
PY  - 1999///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Creditors
KW  - imf
KW  - Debt Reduction
KW  - Debt Relief
KW  - Debt Service
KW  - Debt
KW  - External Debt
KW  - Angola
KW  - Cameroon
KW  - Congo, Democratic Republic of the
KW  - Sudan
KW  - Vietnam
N2  - The low-income country debt crisis had its origins in weak macroeconomic policies, and official creditors' willingness to take risks unacceptable to private lenders. Payments problems were initially addressed through nonconcessional reschedulings and new lending that maximized financing while containing the budgetary costs for creditors. This led to an unsustainable buildup in debt stocks. More recently, debt ratios have improved, reflecting both adjustment and substantial debt relief. The paper estimates debt relief initiatives since 1988 have cost creditors at least
UR  - http://elibrary.imf.org/view/IMF001/02678-9781451856231/02678-9781451856231/02678-9781451856231.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451856231
ER  -