01940cas a2200277 a 4500 AALejournalIMF000619 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849318 1018-5941 BD-DhAAL BD-DhAAL Ross, Kevin. External Debt Histories of Ten Low-Income Developing Countries : Lessons from Their Experience / Kevin Ross, R. Brooks, Robert Powell, Ydahlia Metzgen Quemarez. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (140 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroeconomic adjustment and structural reforms, (3) nonconcessional lending arid refinancing policies of creditors, (4) inadequate debt management, and (5) political factors (civil war and social strife). Future policies should limit the need for external financing and create an environment conducive to diversifying export growth, managing debt more prudently, and basing economic projections on more cautious assumptions. Mode of access: Internet Brooks, R. Metzgen Quemarez, Ydahlia. Powell, Robert. IMF Working Papers; Working Paper ; No. 1998/072 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/072/001.1998.issue-072-en.xml IMF e-Library