Eaton, Jonathan2014-07-302014-07-302002-06https://hdl.handle.net/10986/19061The Highly Indebted Poor Country (HIPC) initiative has identified the cycle of debt rescheduling and restructurings of many of the poorest countries as a serious development problem. It has mobilized the lender community to restructure loans with the aim of generating debt sustainability: the elimination of chronic debt repayment problems. The initiative encourages much more coordination among the community of lenders, in particular between the World Bank and International Monetary Fund (IMF). It also calls for much greater transparency and involvement of the civil community than has occurred before. The initiative has introduced new and much improved measurements of the debt burdens of developing countries.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGAMOUNT OF DEBTBALANCE OF PAYMENTSBORROWERBORROWINGCAPITAL MARKETSCASH FLOWCLAIMCREDIT TERMSCREDITORCREDITORSCURRENCYCURRENT ACCOUNTCURRENT DEBTCURRENT DEBTSDEBTDEBT BURDENDEBT BURDENSDEBT FORGIVENESSDEBT LEVELDEBT LEVELSDEBT MANAGEMENTDEBT MANAGEMENT POLICIESDEBT NEGOTIATIONSDEBT OF COUNTRIESDEBT OVERHANGDEBT PROBLEMSDEBT RATIOSDEBT REDUCTIONDEBT REDUCTIONSDEBT RELIEFDEBT RELIEF INITIATIVEDEBT REPAYMENTDEBT REPORTINGDEBT RESCHEDULINGDEBT RESTRUCTURINGDEBT SERVICEDEBT SERVICE BURDENDEBT SERVICE OBLIGATIONSDEBT SERVICE PAYMENTSDEBT SUSTAINABILITYDEBT SUSTAINABILITY ANALYSESDEBT SUSTAINABILITY ANALYSISDEBT-SERVICEDEBT-SERVICE OBLIGATIONSDEBT-SERVICE PAYMENTSDEBTSDEVELOPING COUNTRIESDOMESTIC CREDITORSDOMESTIC DEBTDOMESTIC DEBTSDOMESTIC FINANCIAL MARKETSDURABLEECONOMETRIC EVIDENCEECONOMIC DEVELOPMENTECONOMIC GROWTHELIGIBILITY CRITERIAEVOLUTION OF DEBTEXCHANGE RATESEXCLUSIONEXPENDITUREEXPENDITURESEXPORT GROWTHEXTERNAL DEBTFACE VALUEFINANCESFINANCIAL CRISESFINANCIAL FLOWSFINANCIAL RESOURCESFISCAL BALANCEFISCAL BURDENSFISCAL EXPENDITUREFIXED EXCHANGE RATEFLOW OF FUNDSFOREIGN DIRECT INVESTMENTFUTURE DEBTFUTURE LOANSGLOBAL DEVELOPMENT FINANCEHIGH DEBTINDEBTEDINDEBTED COUNTRIESINDEBTED POOR COUNTRIESINDEBTED POOR COUNTRYINDEBTEDNESSINTEREST RATEINTEREST RATE DIFFERENTIALSINTEREST RATESINTERNATIONAL CAPITALINTERNATIONAL CAPITAL MARKETSINVENTORIESINVENTORYJUDGMENTLENDERLENDERSLEVELS OF DEBTLOANLOCAL DEBTLONG-TERM DEBTLONG-TERM DEBT SUSTAINABILITYLOW INTEREST RATELOWER DEBTMACROECONOMIC POLICYMISREPORTINGMONETARY FUNDMULTILATERAL CREDITORSNUTRITIONOUTSTANDING DEBTPOSITIVE COEFFICIENTSPOVERTY ALLEVIATIONPRESENT VALUEPRIVATE DEBTSPRIVATE INVESTMENTPRIVATE INVESTORSPUBLIC EXPENDITURESREAL EXCHANGE RATEREAL EXCHANGE RATESRECIPIENT COUNTRIESSHARE OF DEBTSTOCK OF DEBTTAXTAX REVENUETOTAL DEBTTOTAL DEBT STOCKTRADITIONAL DEBT RELIEFTRADITIONAL DEBT RESTRUCTURING MECHANISMSTRANSPARENCYVALUE OF DEBT10.1596/19061