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international capital markets, the deepening of domestic financial markets for some LICs, and the growing lending activities of non …
Persistent link: https://www.econbiz.de/10014408535
Building on initial discussions of the proposed framework in February/March 2004, and further considerations in September 2004, this paper responds to remaining concerns that need to be resolved to make the framework operational. These concerns relate to the indicative debt-burden thresholds...
Persistent link: https://www.econbiz.de/10014409785
In April 2006, the Executive Boards of the Bank and the Fund reviewed the debt sustainability framework (DSF) for low-income countries and the implications of the multilateral debt relief initiative. Directors thought that the DSF was broadly appropriate and that no major changes were warranted,...
Persistent link: https://www.econbiz.de/10014409788
Persistent link: https://www.econbiz.de/10014409929
This paper reviews the experience with the joint IMF-World Bank Debt Sustainability Framework for low-income countries, including cooperation between the staffs, and highlights the implications of the Multilateral Debt Relief Initiative
Persistent link: https://www.econbiz.de/10014410110
This short paper informs the Executive Board of staff's assessment of macroeconomic and public financial management capacity (henceforth 'capacity') in PRGT-eligible countries (henceforth 'low-income countries') with Fund-supported programs for the purpose of setting debt limits. Capacity plays...
Persistent link: https://www.econbiz.de/10014410216
The Bank-Fund Debt Sustainability Framework (DSF) is a standardized framework for analyzing debt-related vulnerabilities in low-income countries (LICs). It aims to help countries monitor their debt burden and take early preventive action, to provide guidance to creditors in ensuring their...
Persistent link: https://www.econbiz.de/10014410263
This annotated presentation on the debt limits policy (DLP) for Fund programs with low income countries (LICs) was discussed at an informal session of the IMF Executive Board on January 10, 2014. The presentation contains a proposed new approach to the handling of external borrowing limits in...
Persistent link: https://www.econbiz.de/10014410544
In 2009, the Boards of the IMF and World Bank jointly endorsed a capacity building program to help developing countries strengthen their public debt management frameworks. A key aspect of the program was to help developing countries implement the framework developed by staffs to formulate an...
Persistent link: https://www.econbiz.de/10014410677
As emerging and developing economies accumulate more domestic sovereign debt, it is likely to play a larger role in the … resolution of future sovereign debt crises. This paper analyzes when and how to restructure sovereign domestic debt in … unsustainable debt cases while minimizing economic and financial disruptions. Key to determining whether or not domestic debt should …
Persistent link: https://www.econbiz.de/10014410865