Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
In April 2006, the Executive Boards of the Bank and the Fund reviewed the debt sustainability framework (DSF) for low-income countries and the implications of the multilateral debt relief initiative. Directors thought that the DSF was broadly appropriate and that no major changes were warranted, but saw scope for additional guidance on the application of the framework in a context where the apparent borrowing space created by debt relief raises new challenges in terms of policy advice. Most Directors supported a case-by-case approach for assessing the appropriate pace of debt accumulation in countries with debt below the DSF thresholds, but requested the development of specific recommendations on the implementation of such a case-by-case approach.
Series:
Policy Papers
Subject:
Debt relief Debt sustainability analysis Lapse of time approval Low-income developing countries Multilateral debt relief initiative
English
Publication Date:
November 6, 2006
Format:
Paper
Please address any questions about this title to publications@imf.org