{
  "title": "External Debt Sustainability in HIPC Completion Point Countries: An Update",
  "publication": "IMF Working Papers, June 1, 2009",
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  "summary": "Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability.",
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    {
      "heading": "Summary findings",
      "content": "- Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge.\n- The paper examines a number of structural factors affecting external debt sustainability.\n- Key diagnostic findings:\n  - (i) the export base broadly remains narrow;\n  - (ii) fiscal revenue mobilization lags behind in some countries; and\n  - (iii) policy and institutional frameworks are still relatively weak.\n- Conclusion: Achieving and maintaining long-term debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing."
    },
    {
      "heading": "Structural factors affecting external debt sustainability",
      "content": "- Export structure:\n  - The export base broadly remains narrow in HIPC completion point countries.\n- Fiscal capacity:\n  - Fiscal revenue mobilization lags behind in some countries.\n- Policy and institutions:\n  - Policy and institutional frameworks are still relatively weak."
    },
    {
      "heading": "Policy recommendations and monitoring priorities",
      "content": "- Continued structural reforms to broaden economic bases and strengthen resilience.\n- Timely donor support to ensure financing needs are met without resorting to destabilizing borrowing.\n- Close monitoring of new non-concessional borrowing to prevent erosion of debt sustainability gains.\n\n---\n\n Content in this bundle\n\n- wp09128\n  - wp09128 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp09128 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/external-debt-sustainability-in-hipc-completion-point-countries-an-update-23029"
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    "Authors: Jie Yang, Dan Nyberg",
    "Published: June 1, 2009",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451872750.001",
    "Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge.",
    "The paper examines a number of structural factors affecting external debt sustainability.",
    "Key diagnostic findings:",
    "Conclusion: Achieving and maintaining long-term debt sustainability in completion point countries will require continued structural reforms, timely donor support, and close monitoring of new non-concessional borrowing.",
    "Export structure:",
    "Fiscal capacity:",
    "Policy and institutions:",
    "Continued structural reforms to broaden economic bases and strengthen resilience.",
    "Timely donor support to ensure financing needs are met without resorting to destabilizing borrowing.",
    "Close monitoring of new non-concessional borrowing to prevent erosion of debt sustainability gains.",
    "**_wp09128**"
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