Cover The Debt Sustainability Framework for Low-Income Countries
The Debt Sustainability Framework for Low-Income Countries
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Abstract

Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited from substantial debt relief. These challenges are further exacerbated by changes in the financial landscape, including the emergence of new creditors and investors, the use of more complex financing vehicles, and the development of domestic markets. The joint World Bank/IMF debt sustainability framework is well placed to help address these challenges and reduce the risks of renewed episodes of debt distress. This paper explains the analytical underpinnings of the framework and the means to ensure its full effectiveness.

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Author:
Mr. Christian H. Beddies
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,
Ms. Marie-Helene Le Manchec
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Ms. Bergljot B Barkbu
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
25 Feb 2009
DOI:
https://doi.org/10.5089/9781589067929.084
ISBN:
9781589067929
ISSN:
0251-6365
Pages:
47
Keywords:
OP; debt; financing; LIC; renewed debt problem; borrowing decisions of LIC; debt problem; LICS' development; distress threshold; Debt sustainability; Debt sustainability analysis; Debt service; Global; Africa; Western Hemisphere; traffic light system; debt-service difficulty
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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