Staff Guidance Note on Debt Limits in Fund-Supported Programs
Electronic Access:
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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 Papers
Subject:
Access limits Access to Fund general resources Concessional aid Conditionality guidelines External debt Fund policies Low-income developing countries Public debt Public enterprises
English
Publication Date:
December 22, 2009
Format:
Paper
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