Filter by...
Reset all
Publications (43)
Working Paper
pdf
– The Case of Kenya
This study critically reviews the education sector in Kenya and the challenges facing the sector in achieving universal primary schooling. The study argues that the introduction of cost-sharing system in Kenya has resulted in high dropout and repetition rates, low transition and completion rates...
Working Paper
pdf
This paper looks at public sector debt in developing countries, being concerned specifically with the relationship between aid inflows and the public sector borrowing requirement net of aid loans. After examining the public sector budget constraint and various conditions under which aid might lead...
Working Paper
pdf
Success of the debt-relief HIPC and poverty-reduction PRSP initiatives demands annual growth rates of 5 percent sustained for fifteen years in Honduras. However, existing evidence on the impact of AIDS on economic growth in Africa raises concern on the viability of such growth targets in Honduras...
Working Paper
pdf
While growth has increased in Tanzania during the past five or six years, it is still too low to have a visible impact on poverty. Indeed, recent evidence suggests that the amounts of both income and non-income poverty are roughly the same as they were a decade ago. Since debt relief provided under...
Working Paper
pdf
– The Kenya Case
The Kenyan economy had a growth of –0.3 per cent in the year 2001, the lowest growth in the post-independence era. The dismal growth performance coincided with the period when the government was involved in grassroot consultations with civil society and other stakeholders, to find out the causes of...
Working Paper
pdf
– Theoretical Reappraisal of the HIPC Initiative
The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt sustainability in the context of the intertemporal borrowing model...
Working Paper
pdf
– Thinking beyond the HIPC Initiative to Solving Structural Problems
This paper attempts to answer the following question: If the HIPC Initiative is fully successful and managed to write-off all debt that is owed by Africa, will the debt problem be over? The answer is ‘no’. This pessimist answer is arrived at by examining the historical origin of African debt and the...
Working Paper
pdf
– Analysis and Recommendations on LDC Debt
This paper reviews the main obstacles to human and social development posed by the current external debt burdens of the least development countries. In particular, it analyses the shortcomings of the mechanisms and thresholds used to assess the sustainability of debt levels in the HIPC Initiative...
Working Paper
pdf
– A Study of Zambia and Tanzania
This paper discusses some issues on how to evaluate the impact of HIPC debt relief in the cases of Tanzania and Zambia using two computable general equilibrium models. Within our relatively simple model framework, we found that the macroeconomic impact of debt relief is modest. One reason for this...
Working Paper
pdf
Kenya’s external debt has continued to swell over the years, and despite the country meeting its debt commitment through regular servicing, this has been done at the expense of key social services such as health, education, water and sanitation. Although good health is a pre-requisite to...
Working Paper
pdf
– Analytical History of HIPC Debt Sustainability Targets
This paper traces the origins of HIPC debt sustainability targets. These targets are interpreted as ‘switching values’, below which countries are expected to avoid debt service problems, but as such, they do not take into account that countries encounter debt problems for a variety of reasons and at...
Working Paper
pdf
– Arbitration as the Alternative to Present, Unsuccessful Debt Strategies
After analysing present, unsuccessful strategies of granting too little too late, a fair, transparent arbitration process (FTAP) on debts modelled after the principles of US Chapter 9 insolvency for debtors with governmental powers (municipalities) is needed. It would respect debtors’ sovereignty...
Working Paper
pdf
– Context and Outlook for Debt Sustainability and Resource Flows
This paper analyses debt relief efforts by creditors to alleviate the debt burden of low-income countries. The Heavily Indebted Poor Countries (HIPC) Initiative builds on traditional debt relief, and for the first time involves relief on multilateral debt. It seeks to reduce debt to sustainable...
Working Paper
pdf
– Context and Outlook for Debt Sustainability and Resource Flows
This paper analyses debt relief efforts by creditors to alleviate the debt burden of low-income countries. The Heavily Indebted Poor Countries (HIPC) Initiative builds on traditional debt relief, and for the first time involves relief on multilateral debt. It seeks to reduce debt to sustainable...
Working Paper
pdf
The objective of this paper is to arrive at a better understanding of the implications of debt relief savings for poverty reduction in HIPC countries by focusing on one important channel of impact—human capital accumulation. Our simulation results suggest that poverty and growth objectives would be...
Working Paper
pdf
– Cas de la Côte d’Ivoire
In the 1980s most of Sub-Saharan African countries (SSA) especially the HIPCs faced an unprecedented indebtedness. Different mechanisms of debt relief as well as economic reforms have been put in place with the objective of enabling these countries to reach long-term economic growth and reduce their...
Displaying 16 of 43 results