Foreign Debt and Debt Servicing Relief Effect Implications in Pakistan: A Poverty Reduction Strategy

The Debt Servicing Capacity Of

This study examines the interaction between external debt and economic growth, and analyses the sustainability of Nigeria’s foreign debt. Given the several reschedulings and persistent accumulation of the debt arrears, and consistently high debt burden ratios, it is doubtful if the debt burden can be judged as sustainable. This study employed analytical method and the findings from the analysis...

Debt Servicing Costs and Capital Structure

In contrast to the standard capital structure theory prediction that builds on a trade-o¤ between interest tax shields and expected bankruptcy costs, public …rms use debt quite conservatively. To address this well known debt conservatism puzzle (Graham 2000), I argue that servicing debt drains valuable liquidity for a …nancially constrained …rm and hence endogenously creates ‘debt servicing cos...

Has Debt Relief Made

National mechanisms for linking debt relief to poverty reduction: challenges and opportunities

Poverty Reduction Strategy of Pakistan

The biggest development challenge facing Pakistan is how to meet the millennium development goal of bringing down the incidence of poverty from the current level of 33 percent to 18 percent by 2015. It may be recalled that by reaching this goal, we would have only regained the level we had attained in 1988-89. This experience shows that it is quite easy to relapse into higher incidence of pover...