Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 17 March 2013
Keywords: Developed countries, External debt, Fund policies, Fund-supported adjustment programs, Low-income developing countries, Heavily indebted poor countries, Discount rates, Multilateral debt, External debt limits, Financial crises
This review examines the experience with the policy on debt limits in Fund-supported programs across the membership and proposes possible reforms to strengthen the policy. The policy was last reformed in 2009 with...