The Debt Sustainability Framework for Low-Income Countries

Author/Editor: Barkbu, Bergljot ; Beddies, Christian H. ; Le Manchec, Marie-Helene
Publication Date: February 25, 2009
Electronic Access: Link to Abstract

Electronic Access: Link to Table of Contents

Summary: 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.
Series: Occasional Paper No. 266
Subject(s): Borrowed resources use | Borrowing | Debt strategy | Debt sustainability analysis | External debt | External financing | HIPC Initiative | Low-income developing countries | Multilateral debt relief initiative | Risk management

Publication Date: February 25, 2009
ISBN/ISSN: 978-1-58906-792-9 Format: Paper
Stock No: S266EA Pages: 47
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