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Supplement to 2018 Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries
Author:
International Monetary Fund. Strategy, Policy, & Review Department
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World Bank
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Series:
Policy Papers
Volume/Issue:
Volume 2024: Issue 039
Language:
English
Publication Date:
05 Aug 2024
DOI:
https://doi.org/10.5089/9798400285363.007
ISBN:
9798400285363
ISSN:
2663-3493
Pages:
32
Keywords:
climate change; Climate finance; Debt sustainability; Debt sustainability analysis; Domestic Public Debt; Environment; External Public Debt; Stress testing; IMF poverty reduction; IMF resilience; transparency policy; WB country climate; burden indicator; Domestic debt; Debt restructuring; Global; Pacific Islands
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This Supplement provides additional guidance to IMF and World Bank staff on the implementation of the Bank-Fund Debt Sustainability Framework for Low Income Countries (LIC-DSF) approved in 2017 by the IMF and World Bank Boards. It complements the 2018 Bank-Fund Guidance Note on the LIC-DSF. Since the publication of the 2018 Guidance Note, several issues have increased in significance, requiring more tailored guidance on the implementation of the LIC-DSF to address these issues, including: • Greater prominence of risks from climate change. • Further increase in borrowing on commercial terms and in domestic markets. • Increased number and complexity of debt restructurings. This Supplement to the 2018 Guidance Note on the LIC-DSF provides further guidance on how to address these issues within the current framework. All aspects of the 2018 LIC-DSF Guidance Note remain in effect, except as modified in this Supplement.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund