Policy Papers

Eligibility to Use the Fund's Facilities for Concessional Financing, 2020

Publication Date:

March 16, 2020

Electronic Access:

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Summary:

This paper concludes that the existing framework remains broadly appropriate, but proposes methodological refinements to improve the assessment of market access, clarifies how serious short-term vulnerabilities are assessed, and proposes a modest extension of the transition period before graduation decisions become effective.

Series:

Policy Paper No. 2020/016

Subject:

Bonds Debt sustainability External debt Financial institutions Financial markets International capital markets Loans National accounts Personal income