sustainability in Tanzania, focusing on external debt. Though current and previous analyses using the IMF-World Bank debt … sustainability framework indicate low risk of public external debt distress, these analyses are sensitive to exchange rate volatility … borrowing. Moreover, empirical evidence of debt sustainability based on the fiscal reaction function approach is weak. The …

Our previous assessment of debt sustainability in developing Asia, conducted in 2011, found that the region's fiscal … outlook was mostly benign. In this study we update the debt sustainability assessment, taking stock of the latest data and … forecasts and the underlying macroeconomic assumptions. By and large, we find that standard debt sustainability analysis (DSA …

The purpose of the study is to test for debt sustainability as well as assess the impact of public debt on economic … suggested by Bohn (1998) to test for the sustainability of Ghana's debt. The neoclassical growth model was used to determine the …

Sound and efficient external debt sustainability is an essential instrument to shred the notoriety of indebtedness and … sustainability in Ethiopia using a yearly time series data that lasts from 1980 to 2016. A log-linear regression model was used, and … positively associated with debt sustainability in Ethiopia. Whereas terms of trade and foreign real interest rate were found …

We investigate the empirical foundations of the New Debt Sustainability Framework (NDSF), which was recently endorsed … by the IMF and the World Bank in support of low income countries' (LICs) debt sustainability. Our empirical re …-specific circumstances which truly matter for the achievement of debt sustainability …

This paper assesses debt sustainability in Guatemala. Debt stability has been achieved at very low expenditure levels …

(the "fiscal sustainability gap"). …

The recent euro area sovereign debt crisis has shown the importance of market reactions for the sustainability of debt …