Changing Patterns in Low-Income Country Financing and Implications for Fund Policies on External Financing and Debt
Policy Papers, February 26, 2009
Source details
- Canonical URL
- Changing Patterns in Low-Income Country Financing and Implications for Fund Policies on External Financing and Debt
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Bibliographic details
- Published: February 26, 2009
- Series: Policy Papers
Summary of core issue
- Low-income countries (LICs) face significant challenges in meeting their development objectives while maintaining a sustainable debt position.
- The international community’s main answer to this dilemma has been to promote recourse to concessional external resources.
Fund practice and policy stance
- The Fund’s recommendations to LICs conform to the preference for concessional resources.
- The practice in Fund-supported programs in LICs has generally been to set zero limits on nonconcessional external borrowing while not restricting concessional financing.
- Flexibility has been applied on a case-by-case basis to allow some nonconcessional borrowing when warranted.
Publication details and metadata
- Publication title: Changing Patterns in Low-Income Country Financing and Implications for Fund Policies on External Financing and Debt
- Publication date: February 26, 2009
- Format: Web landing page (Policy Papers)
- Subjects: Debt, Debt management, Debt sustainability, External debt, External financing, Fund policies, Low-income developing countries
- Citation example provided: Changing Patterns in Low-Income Country Financing and Implications for Fund Policies on External Financing and Debt, (USA: International Monetary Fund, 0) accessed 9/18/2026
Source: IMF policy paper landing page titled "Changing Patterns in Low-Income Country Financing and Implications for Fund Policies on External Financing and Debt" (February 26, 2009).