Staff Guidance Note on Debt Limits in Fund-Supported Programs

Publication Date:

December 22, 2009

Electronic Access:

Free Full Text (PDF file size is 510 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

In August 2009, the Executive Board approved new guidelines on external debt limits in Fund-supported programs. Debt limits seek to prevent the build-up of unsustainable debts, while allowing for adequate external financing. The new framework moves away from a single design for debt limits (or, to use the usual terminology, concessionality requirements) towards a more flexible approach.

Series:

Policy Papers

Subject:

English

Publication Date:

December 22, 2009

Price:

Free

Format:

Paper

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