Classification of Low-Income Countries for the Purpose of Debt Limits in Fund-Supported Programs - 2011 Update
December 8, 2011
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This short paper informs the Executive Board of staff’s assessment of macroeconomic and public financial management capacity (henceforth “capacity”) in PRGT-eligible countries (henceforth “low-income countries”) with Fund-supported programs for the purpose of setting debt limits. Capacity plays an important role in the framework for debt limits. This framework includes a menu of options for concessionality requirements to reflect the diversity of situations in low-income countries (LICs). Eligibility for a particular option is related to an assessment of debt vulnerabilities and capacity.
Subject: Access limits, Access to Fund general resources, Classification of countries, Concessional aid, External borrowing, External debt, Fund-supported adjustment programs, Low-income developing countries
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