Debt Limits in Fund-Supported Programs - Proposed New Guidelines

Date: August 5, 2009
Electronic Access: Full Text

Summary:Low-income countries (LICs) face significant challenges in meeting their development objectives, while maintaining a sustainable debt position. To address this dilemma, the international community has largely advocated recourse to concessional external finance. The Fund’s existing policy and practice on external debt limits conforms to this preference.

Series : Policy Paper
Subject(s): Debt sustainability | Low-income developing countries | Fund facilities | Access to Fund general resources | Concessional aid | External financing | Access limits | Public finance | External debt | Financial management | Debt management | Fund policies