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ZAMBIA AND THE ENHANCED HIPC DEAL: A LASTING SOLUTION TO THE DEBT PROBLEM?
Patrick Marren, Debt and Development Coalition, May 2001
References:
Birdsall Nancy, Claessens Stijn and Diwan Ishac (2001) “Will HIPC Matter?: The Debt Game and Donor Behaviour in Africa”, Carnegie Endowment Discussion Paper No. 3 March 2001
Cohen, Daniel (2000) “The HIPC Initiative:True and False Promises”, Centre for Economic Policy Research, Discussion Paper No.2632 December 2000
IMF (2000) Zambia Decision Point Document for the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative, November 2000
IMFa 2000 World Economic Outlook Annual
McCulloch Neil, Baulch Bob and Cherel-Robson Milasoa (2000) “Globalisation, Poverty and Inequality in Zambia during the 1990’s” Paper prepared for the OECD Conference on Poverty and Income Inequality in Developing Countries: A Policy Dialogue on the Effects of Globalisation, 30-11 to 1-12-2000.
Raker Lise, van De Walle Nicholas, Mulaisho Dominic (1999), “Aid and Reform in Zambia: Country Case Study”, report in Aid and Reform in Africa project World Bank.
US GAO , Developing Countries: Debt Relief Initiative for Poor Countries faces Challenges, (GAO/NSIAD-00-161, June 2000)
White Joanna and Robinson Elizabeth (2000) HIV/AIDS and Rural Livelihoods on SSA, Naturial Resources Institute, University of Greenwich, Policy Series 6
World Bank (2001) Financial Impact of the HIPC Initiative: First 22 Country Cases March 2001
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[1] Note: The significance of the value of debt relief amounts has been questioned, for instance, Cohen (2001) comments that the “market value” of EHIPC has been distorted by the failure of creditors to take account of the risk of non-payment. That last point was a very real issue in terms of Zambia’s repayment history.
[2] Purchasing Power Parity
[3] NPV Net Present Value
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