LongTerm Debt Sustainability in LowIncome Countries

The HIPC Initiative Revisited

image of LongTerm Debt Sustainability in LowIncome Countries

Drawing on experiences in a wide range of countries, this book highlights the advantages and problems of multipleshift systems. It also makes practical suggestions on ways to make multipleshift systems operate effectively. The book is intended for (i) national and regional policymakers, and (ii) headteachers and others responsible for running multipleshift schools.



Realignment of Debt Service Obligations and Ability to Pay in Concessional Lending

Feasibility and Modalities

We consider schemes which have the potential to increase the flexibility of heavily indebted primary producing countries in meeting their debt service obligations by making debt service repayments contingent on the world prices of the commodities they export. The result would be that countries would repay more in high price years and less in low price years. This would facilitate debt service by gearing it towards "ability to pay" and would offset the variability of export earnings.


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