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analysis showing that aid does not affect spending and that aid shortfalls are instead systematically compensated with domestic … commitments by substituting domestic debt for aid. Thus, the economic costs of sanctions do not necessarily translate directly …
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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...
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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...
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