Achieving the MDGs and ensuring Debt sustainability

Third World Quarterly

Volumn 32, Issue 1, 2011, Pages 45-63

  Gunter, Bernhard G ^a,b  

^a AMERICAN UNIVERSITY   (United States)

^b Bangladesh Development Research Center (BDRC)   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CAPITAL FORMATION; DEBT; DEVELOPING WORLD; ECONOMIC GROWTH; EQUITY; FINANCIAL CRISIS; GLOBAL ECONOMY; INVESTMENT; MILLENIUM DEVELOPMENT GOAL; SUSTAINABILITY;

EID: 79951907474     PISSN: 01436597     EISSN: 13602241     Source Type: Journal    
DOI: 10.1080/01436597.2011.543813     Document Type: Review

References (27)

1. International Monetary Fund, World Economic Outlook: Sustaining the Recovery, Washington, DC: IMF, 2009, at http://www.imf.org/external/pubs/ft/weo/2009/02/.
2. See United Nations Conference on Trade and Development (UNCTAD) Secretariat, Contribution and Effective Use of External Resources for Development, in Particular for Productive Capacity-Building, Document TD/B/C.II/EM.1/2, Geneva: UNCTAD, 14 December 2009, at http://www.unctad.org/en/docs/ciiem1d2_en.pdf.
3. B Herman, JA Ocampo & S Spiegel (eds), Overcoming Developing Country Debt Crises, Oxford: Oxford University Press, 2010.
4. K Raffer, Debt Management for Development: Protection of the Poor and the Millennium Development Goals, Cheltenham: Edward Elgar, 2010.
5. P Krugman, 'Financing vs forgiving a debt overhang', Journal of Development Economics, 29(3), 1988, pp 253-268.
6. J Sachs, 'The debt overhang of developing countries', in J de Macedo & R Findlay (eds), Debt, Growth and Stabilisation: Essays in Memory of Carlos Dias Alejandro, Oxford: Blackwell, 1989, pp 80-102.
7. A Kraay & V Nehru, 'When is external debt sustainable?', paper presented at an IMF research workshop on 'Macroeconomic Challenges in Low Income Countries', Washington, DC, 23-24 October 2003, at http://www.imf.org/external/np/res/seminars/2003/lic/pdf/kn.pdf.
8. IMF, IMF Executive Board Reviews the Low-Income Country Debt Sustainability Framework and Adopts aMore Flexible Policy on Debt Limits in IMF-Supported Programs, Public Information Notice (PIN) No 09/113, Washington, DC: IMF, 9 September 2009, at http://www.imf.org/external/np/sec/pn/2009/pn09113.htm.
9. BG Gunter, 'MDG-consistent debt sustainability: how to ease the tension between achieving the MDGs and maintaining debt sustainability', paper presented at the joint UNDESA/UNDP Roundtable on 'Debt Sustainability and the Millennium Development Goals', New York, 30 October 2006, at www.undp.org/poverty/docs/debtflow/Debt-3-Gunter.pdf.
10. G Bird & A Milne, 'Debt relief for low income countries: is it effective and efficient?', The World Economy, 26(1), 2003, pp 43-59.
11. T Killick, 'Debt relief for developing countries is not in the interest of all', unofficial translation of a press article by the Finnish News Agency (STT), 2001, at www.wider.unu.edu/inmedia/inmedia2001/inmedia-2001-71.pdf.
12. T Killick, 'Politics, evidence and the new aid agenda', Development Policy Review, 22(1), 2004, pp 5-29.
13. JE Sanford, 'IMF grants and HIPC debt forgiveness: their effectiveness and impact on IDA resources', World Development, 32(9), 2004, pp 1579-1607.
14. See http://go.worldbank.org/9F8WVB3SI0.
15. World Bank, Press Release No 2006/327/PREM, Washington, DC, 28 March 2006.
16. JE Sanford, 'IMF gold and the World Bank's unfunded HIPC deficit', Development Policy Review, 22(1), 2004, pp 31-40.
17. Y Li, 'Debt relief & ODA additionality', paper presented at the WIDER conference on debt relief, August 2001, at www.wider.unu.edu/conference/conference-2001-2/parallel%20papers/1_5_Li.pdf.
18. World Bank, Debt Relief for the Poorest: An Evaluation Update of the HIPC Initiative,Washington, DC: World Bank Independent Evaluation Group (IEG), 2006, at www.worldbank.org/oed/.
19. D Dollar & V Levin, 'The increasing selectivity of foreign aid, 1984-2003', World Development, 34(12), 2006, pp 2034-2046.
20. WR Cline, 'Debt relief for heavily indebted poor countries: lessons from the debt crisis of the 1980s', in Z Iqbal & R Kanbur (eds), External Finance for Low-Income Countries, Washington, DC: IMF, 1997, pp 134-144.
21. United States Treasury, 'Statement by G-7 Finance Ministers and Central Bank Governors', Press Release JS-2943, 23 September 2005, at http://www.treas.gov/press/releases/js2943.htm.
22. BG Gunter, J Rahman & Q Wodon, 'Robbing Peter to pay Paul? Understanding who pays for debt relief', World Development, 36(1), 2008, pp 1-16.
23. G Bird, 'The SDR aid link: it's now or never', Development Policy Review, 28(1), 2010, pp 63-74.
24. B Leo, 'Leveraging World Bank resources for the poorest: IDA blended financing facility proposal', CGD Working Paper No 214, Washington, DC: Center for Global Development (CGD), June 2010.
25. BG Gunter, J Rahman & H Shi, 'Linking social development with the capacity to carry debt: towards an MDG-consistent debt sustainability concept', Development Policy Review, 27(3), 2009, pp 269-286.
26. The percentage of gross primary school enrolment (which is related to the second MDG: achieve universal primary education); the percentage of female gross primary school enrolment (which is related to the third MDG: promote gender equality and empower women); the percentage of children (aged 12-23 months) immunised against measles; the percentage change in life expectancy at birth; and the percentage change in under-five mortality rate.
27. Organisation for Cooperation and Development (OECD), Development Co-operation Report 2009, Paris: OECD, 2009.