The debt sustainability framework for low-income countries
By: Bergljot Bjørnson Barkbu, Christian Beddies, and Marie-Hélène Le Manchec
Contributors: Beddies, Christian H.; Le Manchec, Marie-Hélène; International Monetary Fund
Series: Occasional paper -- 266; Occasional paper (International Monetary Fund) -- 266.
Publisher: International Monetary Fund
Published: 2008
Place of publication: Washington, D.C
Language: eng
Number of pages: 42
ISBN-13: 9781589067929
Subjects: Economic policy; External Debts; Economic development
Description: 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.--Publisher's description.
Notes: Includes bibliographical references (p. 40).
Table of contents: title: Overview; title: What is debt sustainability and why does it matter?; title: The low-income country debt sustainability framework; title: The use of the debt sustainability framework by borrowers and lenders; title: Concluding remarks.