Reform of the Policy on Public Debt Limits in IMF-Supported Programs
This paper evaluates the IMF's policy on the use of quantitative limits on public debt in IMF-supported programs (the 'debt limits policy') and proposes a number of modifications. The review is taking place at a time when many countries are experiencing heightened debt vulnerabilities or actual debt distress, aggravated by the COVID-19 shock, and occurring against the backdrop of a changing credit landscape in which concessional finance is scarcer relative to countries' investment needs
Year of publication: |
2020
|
---|---|
Institutions: | International Monetary Fund / Strategy, Policy, and Review Department |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | IWF-Kredit | IMF lending | Öffentliche Schulden | Public debt | Schuldenmanagement | Debt management | Entwicklungsländer | Developing countries |
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