Staff Guidance Note on Debt Limits in Fund-Supported Programs
|Date:||December 22, 2009|
|Electronic Access:||Full Text
|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 Paper|
|Subject(s):||Access to Fund general resources | Low-income developing countries | Concessional aid | Access limits | External debt | Public debt | Conditionality guidelines | Public enterprises | Fund policies|