Term:
Present value of debt-to-exports ratio (PV/X)
Definition:
Present value (PV) of debt as a percentage of exports (usually of goods and services) (X). In the context of the Paris Club and HIPC Initiative, sometimes present value is mis-described as net present value (NPV). In this context NPV/X has the same meaning as PV/X.
Domain:
Finance
Source:
IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix III, Glossary, IMF, Washington DC
