Developing Countries: Status of the Heavily Indebted Poor Countries Debt Relief Initiative : Report to the Chairman, Subcommittee on International Economic Policy, Export and Trade Promotion, Committee on Foreign Relations, U.S. Senate

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Page 77 - Elmer B. Staats Comptroller General General Accounting Office 441 G Street, NW Washington, DC 20548 Dear Mr. Staats: Thank you for the opportunity to review the draft report analyzing the feasibility of the District's Civic Center proposal.
Page 20 - The poorest countries, those that are only eligible for highly concessional assistance from the International Development Association (IDA) — the part of the World Bank that lends on highly concessional terms — and from the IMF's Poverty Reduction and Growth Facility (previously the Enhanced Structural Adjustment Facility).
Page 81 - US SENATE, SUBCOMMITTEE ON INTERNATIONAL ECONOMIC POLICY, EXPORT AND TRADE PROMOTION, COMMITTEE ON FOREIGN RELATIONS, Washington, DC. The subcommittee met, pursuant to notice, at 2:35 pm in Room SD-419, Dirksen Senate Office Building, Hon.
Page 27 - Effective Exchange Rate* 93.1 84.2 83.2 84.8 100.8111.7117.3 128.7 •These composites are averages of individual country average rates, weighted for each year in proportion to the US dollar values of the respective GNPs in the preceding three years. The seven countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. ••Excess of nominal rate over expected inflation. Expected inflation is proxied by a weighted average of the rate of inflation in the current...
Page 16 - Bank promotes economic growth and the development of market economies by providing financing on reasonable terms to countries that have difficulty obtaining capital. The Bank is the world's single largest official source of investment capital for developing countries.
Page 26 - Monetary Fund consider a country to be "debt sustainable" if the ratio of a country's debt (in present value terms) to the value of its exports is 150 percent or less, which they believe allows countries to make their future debt payments on time and without further debt relief.
Page 19 - Countries eligible for these concessional loans are among the poorest in the world, with many classified by the United Nations as being in its lowest category of human development, based on life expectancy, literacy, and annual per capita income. Many depend on development assistance from governments, multilateral organizations, and nongovernmental organizations and have significant development needs.
Page 67 - Hausman test x20) = 3.8257 [0.0505]. (1) The ratio of the net present value of debt to exports (the NPV debt-exports ratio) should be expected to fall within a range of 200-250 percent, or below, by the completion point; (2) The ratio of debt service to exports should be expected to fall within a range of 20-25 percent, or below, by the completion point; (3) Within these prescribed ranges, debt sustainability would be determined in conjunction with various measures of vulnerability, including the...

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