01951cas a2200265 a 4500 AALejournalIMF019035 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484396247 1018-5941 BD-DhAAL BD-DhAAL de Soyres, Constance. Debt Build-up in Frontier Low-Income Developing Countries (LIDCs) since 2012 : Global or Country-specific Factors and Way Forward? / Constance de Soyres, Anna Rogantini Picco, Randa Sab. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (40 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 This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in interest rate payments. Second, using panel regressions, it shows that while both global and country-specific factors are correlated with debt-to-GDP ratios over 1998-2016, global factors dominate for the period 2012-16. Third, through a small open-economy model, it shows that the projected tightening in global financial conditions would reduce debt-to-GDP ratios by less than the increase associated with the expected rise in investment. Mode of access: Internet Rogantini Picco, Anna. Sab, Randa. IMF Working Papers; Working Paper ; No. 2019/037 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/037/001.2019.issue-037-en.xml IMF e-Library