Background. The case for sovereign state-contingent debt instruments (SCDIs) as a countercyclical and risk-sharing tool … SCDIs. By linking debt service to a measure of the sovereign's capacity to pay, SCDIs can increase fiscal space, and thus … rise to account for a large share of public debt, it could also significantly reduce the incidence and cost of sovereign …

This paper presents a debt sustainability analysis for St. Lucia. The medium-term scenario prepared by the IMF staff … assumes continued fiscal consolidation and thus is compatible with sustainable debt levels even in the presence of adverse … economic shocks. Stress tests show that stabilizing the debt/GDP ratio for the public sector at around the levels prevailing in …

Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt … sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction … in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt …

This supplement refers to the reforms proposed in Reform of the Policy on Public Debt Limits in Fund-Supported Programs … to the existing framework governing external debt limits in Fund arrangements, and presents the proposed decision that is …

to achieving primary surpluses that will allow them to stabilize their debt ratios, this is only a first step, as merely … stabilizing advanced economy debt at current levels would be detrimental to medium- and longer-term economic prospects. The key … credible plan to bring debt ratios down over the medium term. Debt dynamics have remained relatively positive in most emerging …

analyze macroeconomic impacts of different public investment strategies on key fiscal and non-fiscal variables such as debt …

This paper follows up on the Executive Board's December 2002 discussion of the design of the Sovereign Debt … Restructuring Mechanism and seeks to make further progress on the formulation of a concrete proposal for a statutory sovereign debt …