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Governments are amongst the major issuers of debt instruments in the global financial market. The present volume provides quantitative information on central government debt instruments to meet the analytical requirements of users such as policy makers, debt management experts and market analysts. Statistics are presented according to a comprehensive standard framework to allow cross-country comparison. Country notes provide information on debt issuance in each country as well as on the institutional and regulatory framework governing debt management policy and selling techniques.

Debts, Public -- Europe -- Statistics -- Periodicals. --- Debts, Public -- OECD countries -- Statistics -- Periodicals. --- Debts, Public -- OECD countries -- Statistics. --- Debts, Public -- Statistics -- Periodicals. --- Debts, Public -- Statistics. --- Debt relief. --- Debt relief --- Debt renegotiation --- Debt rescheduling --- Debt restructuring --- Relief, Debt --- Renegotiation, Debt --- Rescheduling, Debt --- Restructuring, Debt --- Debtor and creditor --- Law and legislation

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Debt relief --- Loans, Foreign --- Paris Club.

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This paper examines the role of the third party (the IMF) in resolving sovereign default on external debt. We first show that the effects of third party intervention in debt negotiations are quite sensitive to the assumed enforcement mechanism for sovereign debt. The model is then adapted to an insurance crisis. The main result is that the unanticipated component of third party intervention can either intensify or mitigate the dead weight loss following default.

Economic assistance. --- Financial crises. --- Debt relief.

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This paper discusses the Heavily Indebted Poor Countries (HIPC) Initiative in the perspective of sizable historical debt relief and large positive net resource flows to HIPCs. It argues that, by substantially reducing HIPCs’ debt stocks and debt service payments, the Initiative provides a solid basis for debt sustainability and room for increased social spending. For poverty reduction, HIPC relief is important but broader international support is needed. The paper maintains that, as experience has shown, external support can be effective only if it reinforces sound policies implemented by HIPCs themselves. Thus, debt relief and official development assistance are critical as “help for self-help.”.

Exports and Imports --- Financial Risk Management --- Social Services and Welfare --- International Lending and Debt Problems --- Foreign Aid --- Macroeconomic Analyses of Economic Development --- Debt --- Debt Management --- Sovereign Debt --- Government Policy --- Provision and Effects of Welfare Program --- Finance --- International economics --- Social welfare & social services --- Debt relief --- Debt reduction --- Debt service --- Debt service payments --- Poverty reduction strategy --- Asset and liability management --- External debt --- Poverty --- Debts, External --- United States

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The three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) that was approved by the Executive Board of the IMF in March 1998 in support of Cote d'lvoire's adjustment efforts went off track after the first year. In the cocoa and coffee sectors, the measures that were supposed to accompany the liberalization process, such as the strengthening of producer organizations and the rehabilitation of rural infrastructure, were not fully implemented. Executive Directors welcomed the conclusion of discussions on a Staff-Monitored Program (SMP).

Investments: Commodities --- Exports and Imports --- Macroeconomics --- Public Finance --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Agriculture: General --- Taxation, Subsidies, and Revenue: General --- Empirical Studies of Trade --- Public finance & taxation --- International economics --- Investment & securities --- Public debt --- Agricultural commodities --- Arrears --- External debt --- Revenue administration --- Commodities --- Debts, External --- Debts, Public --- Farm produce --- Revenue --- Economic policy --- nternational cooperation --- Guinea --- Nternational cooperation