Sustainability debt in low income countries: towards a proposal of theoretical framework based on structural analysis

Once developed the multilateral initiatives for the relief of the external
debt in the low income countries (HIPC and MDRI), the principal aim will be to
prevent a poor country from returning to get into debt too much. To prevent this
is not going to be easy. On one hand, these countries are experiencing changes
in their external insertion, which involves a series of opportunities and risks. On
the other hand, the fact of paying punctually the service of the debt does not
imply necessarily that the country supports a sustainable indebtedness. The
characterization of a debt as sustainable relates to the analysis of the complex
interrelationship of a series of structural factors.
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