Abstract
The rising burden of external debt and debt-service payments is becoming a constant source of concern for Pakistan. This paper has two-fold objectives. First, to present an external debt profile of the country, and second, to perform a risk analysis on external indebtedness using indicator approach. A review of the changes in the pattern and levels of external debt and a careful analysis of various debt burden and debt-service indicators reveal that Pakistan may have to deal with a growing debt problem. This conclusion is further strengthened when we look at the various key performance indicators. The paper supports the view that it is in the interest of the creditors to reduce the level of Pakistan?s debt through voluntary debt forgiveness which will result in an increase in investment and growth in the country and, subsequently, increased debt-service payments to the creditors.
Article Details
- Year: 2003
- Volume: 24
- Issue: 2
- Accepted: 01.03.2003
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How to Cite?
Abdul Waheed (2003). Risk Analysis on External Indebtedness of Pakistan. Journal of Economic Cooperation and Development, 24(2), -.
