This Background Paper provides technical information to accompany the main paper "Making Public Debt Public: Ongoing … Initiatives and Reform Options". It provides further empirical evidence of benefits of public debt transparency and elaborates on … two elements that can be used to enhance it: (i) sound practices in public debt management and (ii) available …

The paper develops and assesses options to improve public debt transparency. It first makes the case, both conceptually … and empirically, for greater public debt transparency. To guide the development and assessment of options, it examines the … provides a high-level overview of existing initiatives to improve public debt transparency, identifying priorities for progress …

Developing countries have recently proved reluctant to participate in sovereign debt moratoria and debt relief … countries compare the net benefits of participating in a debt relief initiative now with the value of waiting to potentially … in the requests to participate in the Debt Service Suspension Initiative (DSSI), which provided temporary debt moratoria …

long-lasting reductions in the debt-to-GDP ratio mainly through higher fiscal revenues and lower borrowing costs. These … effects are larger in countries with greater tax efficiency, lower informality, and higher initial debt. Moreover, a model …

The guidance note sets out principles governing information sharing in the context of sovereign debt restructurings. It …

activity, debt-to-gdp ratio, default costs). Our model embeds a 'Southern view' of the crisis (transfers did not help) and a … for high debt countries. Hence, the model provides a potential justification for the often decried policy of 'kicking the …

There are growing concerns that 25 years after the launch of the HIPC debt relief initiative, many low-income countries … are again facing high debt vulnerabilities. This paper compares debt vulnerabilities in LICs today versus those on the eve … of the HIPC Initiative and examines challenges to a similarly designed debt-relief framework. While solvency and …