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The HIPC Initiative: What Affects Duration?

Author

Listed:
  • William Akoto

    (Nelson Mandela Metropolitan University)

Abstract

In light of calls to improve the delivery of aid and debt relief, this paper uses survival analysis to examine possible factors affecting completion rates in the HIPC debt relief programme. The findings suggest that better economic management, increased economic, social and media freedoms, more effective government machinery, increased trade, a faster GDP per capita growth rate, increased democracy and a more stable political environment are all significant in speeding up completion times. Countries enrolled in the HIPC programme have an incentive to improve these indicators in order to reach completion point as quickly as possible and access debt relief so these results imply that improvements are feasible if there are tangible rewards at the end of the process.

Suggested Citation

  • William Akoto, 2013. "The HIPC Initiative: What Affects Duration?," Economics Bulletin, AccessEcon, vol. 33(1), pages 372-378.
    • Handle: RePEc:ebl:ecbull:eb-12-00671
    as

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    References listed on IDEAS

    as
    1. Hristos Doucouliagos & Martin Paldam, 2005. "Aid Effectiveness on Growth. A Meta Study," Economics Working Papers 2005-13, Department of Economics and Business Economics, Aarhus University.
    2. Bernhard Gunter, 2011. "Achieving the s and Ensuring Debt Sustainability," Third World Quarterly, Taylor & Francis Journals, vol. 32(1), pages 45-63.
    3. Jacinta Nwachukwu, 2008. "The Prospects For Foreign Debt Sustainability In Post-Completion Point Countries: Implications Of The HIPC-MDRI Framework," Global Development Institute Working Paper Series 2608, GDI, The University of Manchester.
    4. repec:bla:devpol:v:26:y:2008:i:2:p:171-188 is not listed on IDEAS
    5. Ms. Yan M Sun, 2004. "External Debt Sustainability in HIPC Completion Point Countries," IMF Working Papers 2004/160, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    HIPC; Survival Analysis; Debt Relief; Economic Development.;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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