Compensatory Aid and Debt Relief: A Case Study of Uganda
提出一个应急融资框架,帮助低收入国家实现债务可持续性,通过会计方法量化国际收支的外部冲击并提供补偿性融资,以乌干达1988-2002年数据验证其有效性。
We propose a contingency financing framework to assist low-income countries in the achievement of debt sustainability. The framework relies on an accounting method to quantify external shocks to the balance of payments and provides compensatory financing to offset their impact. We apply the framework to the case of Uganda during the period 1988-2002 and find that it would have been highly effective in identifying and offsetting the adverse liquidity implications of shocks to the country's trade balance.