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dc.contributor.authorMuwanga-Zake, E. S. K.en_US
dc.contributor.authorNdhaye, Stephenen_US
dc.date.accessioned2011-12-14T09:46:35Z-
dc.date.available2011-12-14T09:46:35Z-
dc.date.issued2001en_US
dc.identifier.isbn9291900095en_US
dc.identifier.urihttp://hdl.handle.net/10419/53039-
dc.description.abstractSince the mid-1980s Uganda has had debt strategies, which clearly laid down procedures for negotiating new loans and emphasized commitment to reduce the stock of debt arrears. Over this period, the country went through six Paris Club negotiations and debt reduction operations. Uganda became the first country to qualify for the heavily indebted poor countries (HIPCs) initiative and formally entered the HIPC debt relief process in April 1997, attaining its completion point in April 1998. Unfortunately, by January 1999 it was concluded that the country could not sustain its debt, mainly as a result of a substantial decline in export proceeds and increased disbursements from old and new loans. Having qualified for the first HIPC, Uganda had little difficulty in meeting the requirements for the enhanced HIPC. The government provided the required Poverty Reduction Strategic Paper (PRSP) and accessed the enhanced HIPC in February 2000. This paper examines Uganda’s experience with the two HIPC Initiatives and explains why it was relatively easy to qualify, concluding, however, that the country’s debt may be unsustainable even after the HIPC Initiative. The reasons are explained.en_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesWIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2001/94en_US
dc.subject.jelO11en_US
dc.subject.jelO19en_US
dc.subject.jelF34en_US
dc.subject.jelF35en_US
dc.subject.ddc330en_US
dc.subject.keyworddebt reliefen_US
dc.subject.keyworddebt sustainabilityen_US
dc.subject.keywordnet present value (NPV) of debten_US
dc.subject.keywordnon-OECD Creditorsen_US
dc.subject.keyworddebt ratiosen_US
dc.subject.keywordPAPSCAen_US
dc.subject.keywordPEAPen_US
dc.subject.keywordPRSPen_US
dc.subject.keywordPAFen_US
dc.subject.stwSchuldenerlassen_US
dc.subject.stwUgandaen_US
dc.titleThe HIPC debt relief initiative: Uganda's experienceen_US
dc.typeWorking Paperen_US
dc.identifier.ppn335128904en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Discussion Papers, United Nations University (UNU)

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