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IMF Working Papers
2006
INTERNATIONAL MONETARY FUND

The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial economic conditions and level of total factor productivity.

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54
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IMF Working Papers
2006
INTERNATIONAL MONETARY FUND

The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country's initial economic conditions and level of total factor productivity.

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61
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0
IMF Working Papers
2008
INTERNATIONAL MONETARY FUND

A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The stud...

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48
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IMF Working Papers
2008
INTERNATIONAL MONETARY FUND

A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The stud...

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42
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0
IMF Working Papers
2008
INTERNATIONAL MONETARY FUND

A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The stud...

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41
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Publications & Research :: Publication
Washington, DC
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118
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Publications & Research :: Publication
Washington, DC
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107
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Publications & Research :: Publication
Washington, DC
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113
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Publications & Research :: Working Paper
Washington, DC
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114
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Publications & Research
World Bank, Washington, DC
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122
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Publications & Research :: Policy Research Working Paper
World Bank, Washington, DC
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116
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IMF Working Papers

Debt relief and the scaling up of aid to low-income countries should allow for greater fiscal space for expenditure programs to create long-term growth and lower poverty rates. But designing a suitable medium-term fiscal framework that fosters a sustainable delivery of better public services and infrastructure while maintaining a credible commitment to fiscal prude...

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