ecb speech, 2006-06-14
Besides the more general macroeconomic developments I recalled at the beginning of this talk, this desirable trend is also due to two more specific developments: first, the more comprehensive debt stock treatment of low income countries; and second, a graduation from rescheduling of most middle-income countries as a result of the implementation of economic reforms that have increased their access to market financing and thus private creditors.
Sentiment: neutral
Topic: mp_economic_activity