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