Debt sustainability in HIPCs in a New Age of Choice: Taking stock of the debt relief initiatives and implications of the new development finance landscape for public debt sustainability
Edward Hedger - Director, Centre for Aid and Public Expenditure I Private Sector and Markets, ODI
Annalisa Prizzon - Research Fellow, ODI
Prof. Machiko Nissanke - Professor of Economics, SOAS, University of Lonodn
Tim Jones - Senior Policy and Campaigns Officer, Jubilee Debt Campaign
Is a low or moderate risk of debt distress for most developing countries good enough news, or are the debt forecasts we observe just the tip of the iceberg? There are two important reasons for further analysis.
ODI is organizing a roundtable that will convene experts on debt issues from academia, multilateral development banks and NGOs. The scope of the roundtable is two-fold:
· Present and debate findings emerging from a forthcoming working paper by Annalisa Prizzon and Shakira Mustapha that reflects on how new debt-creating flows will impact on debt sustainability
· Summarize and elaborate on a series of policy recommendations for bilateral and multilateral donors as well as for partner countries in order to (i) help prevent the risk of a future debt crisis in former HIPCs, (ii) to inform the debate on UNCTAD principles on Responsible Sovereign Lending and Borrowing and (iii) on the review of the IMF’s policy on debt limit. The summary of the discussion is expected to be published on the ODI website to reach a wider audience.