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Title:
AN ANALYSIS OF HIPC TYPE OF DEBT RELIEF MEASURES AND PROSPECT FOR NORTH EASTERN STATES OF INDIA

Authors:
Dr. Ajit Kumar Dash

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Dr. Ajit Kumar Dash
Asst. Professor in Economics, Birla Global University, IDCO Plot No-2, Gothapatana, Bhubaneswar, Odisha, India

MLA 8
Dash, Dr. Ajit Kumar. "AN ANALYSIS OF HIPC TYPE OF DEBT RELIEF MEASURES AND PROSPECT FOR NORTH EASTERN STATES OF INDIA." Int. j. of Social Science and Economic Research, vol. 3, no. 6, June 2018, pp. 2264-2282, ijsser.org/more2018.php?id=154. Accessed 2018.
APA
Dash, D. (2018, June). AN ANALYSIS OF HIPC TYPE OF DEBT RELIEF MEASURES AND PROSPECT FOR NORTH EASTERN STATES OF INDIA. Int. j. of Social Science and Economic Research, 3(6), 2264-2282. Retrieved from ijsser.org/more2018.php?id=154
Chicago
Dash, Dr. Ajit Kumar. "AN ANALYSIS OF HIPC TYPE OF DEBT RELIEF MEASURES AND PROSPECT FOR NORTH EASTERN STATES OF INDIA." Int. j. of Social Science and Economic Research 3, no. 6 (June 2018), 2264-2282. Accessed , 2018. ijsser.org/more2018.php?id=154.

References
[1]. Abrego, L and Ross, Doris C (2001). Debt Relief under the HIPC Initiative: Context and Out Look for Debt Sustainability and Resource Flow. Retrieved from https://www.imf.org/external/pubs/ft/wp/2001/wp01144.pdf [in text citation Abrego and Ross (2001)]
[2]. Bjerkholt,O (2004). New approaches to debt relief and debt sustainability in LDCs. Retrieved from https://www.un.org/development/desa/dpad/wpcontent/uploads/sites/45/publication/CDP-bp-2004-5.pdf. [in text citation Bjerkholt (2004)]
[3]. Canel, Jonathan (2009). Debt Relief But at What Cost? Balancing Sustainability with Poverty Reduction in Debt Relief Conditions. Retrieved from https://web.stanford.edu/group/sjir/pdf/Debt_11.1.pdf. [in text citation Canel,(2009)]
[4]. Cassimon,D and et al (2013). Dynamic Fiscal Impact of The Debt Relief Initiatives on African Heavily Indebted Poor Countries (HIPCs) . Retrieved from https://en.ird.fr/content/view/full/59128, [in text citation Cassimon,D and et al (2013)]
[5]. Freytag,A and Pehnelt,G (2006). Debt Relief and Changing Governance Structures in Developing Countries. Retrieved from http://econpapers.repec.org/paper/jenjenasw/2006- 31.htm. [in text citation Freytag and Pehnelt, (2006)]
[6]. Gamarra, B,Pollock,M, Domeland,D and Braga,Carlos A.Primo (2009) Retrieved from http://www.ohchr.org/Documents/Issues/Development/RTDBook/PartIIIChapter20.pdf [Gamarra and et.al (2009)]
[7]. Gupta,S,Clements,B,Guin-Sui,Maria Teresa and Leruth, L (2002). Debt relief and public health spending in heavily indebted poor countries. Retrieved from http://www.who.int/bulletin/archives/80(2)151.pdf [in text citation Gupta et al 2002]
[8]. Hepp, R (2005). Can Debt Relief Buy Growth?. Retrieved from https://www.researchgate.net/publication/23691259_Can_Debt_Relief_Buy_Growth, [in text citation. Hepp (2005)]
[9]. Saramago,L and Martins,F (1998). Debt Relief in Developing Countries-The HIPC Initiative. Retrieved from https://www.bportugal.pt/sites/default/files/anexos/papers/ab199802_e.pdf [in text citation Saramago and Martins (1998)]

Abstract:
This paper examines the case of north eastern states of India in the framework of HIPC type of debt relief measures and observed that the impact of debt servicing on the developmental expenditure has been heterogeneous in the case of NE states and does not show any significant dominancy over public spending for socio economic development rather the high interest burden is the major obstacle to achieve debt sustainability. Further, high average cost of borrowing leads to the high cost of debt servicing. Therefore, HIPC type of debt relief measure or a direct debt relief measures may not be suitable for the Indian NE states but relief measures should be directed in the direction of making the borrowing cheaper which will be helpful to augment the developmental capital expenditure. It is recommended that policy measure can be under taken so as to make the NE states able to get relived from high cost of borrowing and increasing unsustainable debt burden.

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