Official Financing: Recent Developments and Selected IssuesWhilst private finance sources (including foreign direct investment, bank lending and international bond issuance) make up most of the resource flows to middle income developing countries and transition economies, heavily indebted poor countries (HIPCs) rely largely on official development finance for investment. This report assesses developments in official financing to developing countries during the years 2000 to 2002, using current official data available up to December 2003. Issues discussed include export credits and debt restructuring with Paris Club and other bilateral creditors, trade finance in financial crises, the challenge of maintaining external debt sustainability in debtor countries, debt relief and new aid flows. |
Contents
Boxes | 2 |
Trade Financing in Financial Crises | 14 |
Tables | 15 |
Copyright | |
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Official Financing: Recent Developments and Selected Issues International Monetary Fund Limited preview - 2004 |
Official Financing: Recent Developments and Selected Issues International Monetary Fund No preview available - 2004 |
Common terms and phrases
Agreed Minute arrears AsDB Benin Billions of U.S. Burkina Faso Buyback Cologne terms commercial commitments completion point consolidation period context Côte d'Ivoire coun Creditor agreed crisis cutoff date debt relief debt service debt sustainability debtor country decision point developing countries disbursements ECAS enhanced HIPC Initiative export credit agencies external debt falling due Floating 150 flow rescheduling framework Fund Ghana grace period Guinea-Bissau Heavily indebted poor IMF staff estimates Indonesia interest rate International lending loans London terms low-income countries Lyon terms maturities Mauritania MDGs ments moratorium interest Naples terms net present value nonconcessional NPV terms OECD Official bilateral option Paris Club Paris Club creditors Paris Club rescheduling payments percent Post-cutoff date debt Pre-cutoff date debt present value previously rescheduled provide HIPC relief recipients reduction repayment Republic rescheduling agreements Short-term Stock Table Tanzania Toronto terms trade finance U.S. dollars Uganda World Bank Zambia ΡΙΑ