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빈곤국 외채탕감 논의와 우리의 대응(Koln Debt Initiative and Korea's policy agenda)

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  • 빈곤국 외채탕감 논의와 우리의 대응(Koln Debt Initiative and Korea's policy agenda)
  • 장형수; 박영곤
  • Korea Institute for International Economic Policy


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Title 빈곤국 외채탕감 논의와 우리의 대응(Koln Debt Initiative and Korea's policy agenda)
Similar Titles
Material Type Reports
Author(Korean)

장형수; 박영곤

Publisher

서울:Korea Institute for International Economic Policy

Date 1999-12
Series Title; No Working Paper
ISBN 89-322-4072-8; 89-322-4027-2(세트)
Pages 64
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Official Aid < Multi-Sector
Holding Korea Institute for International Economic Policy

Abstract

The main purpose of this study is to review the recently established Koeln Debt Initiative and to draw policy implications for the Korean government. The Koeln Debt Initiative, initiated by the G-7 in June 1999, extends and deepens in many important respects the HIPC (Heavily Indebted Poor Countries) Debt Initiative launched by the Bretton Woods institutions, the World Bank and IMF, in 1994. The Koeln Initiative is very likely to be a main framework for future debt relief mechanism of the Paris Club.
Under the Koeln Initiative, Korea would share the burden of debt relief in accordance with the amount of previous lending to the eligible poor countries. According to our estimates, the total amount of debt relief expected by Korea under the Initiative would amount to at most US$ 6 million in net present value terms. (The rest omitted)