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Debt relief --- Debt relief.

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Ce document présente les différentes mesures d'allégement de la dette dont le Niger a bénéficié depuis 1983. Possédant une dette importante à l'égard des banques commerciales, du fait du développement de l'exploitation de l'uranium, le Niger a eu recours à la fois au Club de Paris et au Club de Londres pour rééchelonner régulièrement sa dette publique. Hormis ces procédures traditionnelles, le Niger a été le premier pays à bénéficier du Fonds de désendettement de l'IDA pour racheter sa dette bancaire avec décote grâce à des dons. Malgré l'allégement issu de cette opération et celui résultant de l'application des termes de Toronto par le Club de Paris, qui en 1991 représentaient l'allégement de la dette maximal auquel le Niger pouvait prétendre par les procédures usuelles, le gouvernement nigérien ne peut s'acquitter de ses obligations. La politique d'ajustement entreprise et en particulier la tentative d'assainissement des finances publiques, n'ont pas permis de rétablir l'équilibre.

Debt relief.

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"The economic benefits of debt relief for recipient countries have been the subject of arduous debate, at least partly motivated by the difficulty of identifying the causal effect of debt relief on economic performance-given that performance itself may drive the decision to grant relief. This paper conducts an event study to assess the economic consequences of multilateral debt relief for recipient countries that is robust to these reverse causality issues. It estimates the response of the stock prices of South African multinationals with subsidiaries in those countries to the announcement of debt relief initiatives, and shows that stock prices exhibit a significant increase above those of other firms, especially around the launching of the recent Multilateral Debt Relief Initiative. The improvement in financial markets' assessment of the value of these multinationals is consistent with lower expected levels of future taxation in the recipient countries. Overall, the results are consistent with the "debt overhang" argument for debt relief. "--World Bank web site.

Debt relief.

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This supplement summarizes new information available to staff since the issuance of The Multilateral Debt Relief Initiative: A First Assessment of Eligible Countries (December 8, 2005). It focuses on the six members (Ethiopia, Madagascar, Mauritania, Nicaragua, Rwanda, and Senegal) for which staff recommends that remedial actions be taken before the Board determines whether they qualify for debt relief from the Fund under the Multilateral Debt Relief Initiative.

Debt relief.

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Staff is of the view that all criteria have been met, and recommends that the Board determine that Ghana qualifies for immediate debt relief under the MDRI.q.

Debt relief.