Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries

Policy Papers, August 8, 2022

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Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries

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Bibliographic details

• Published: August 8, 2022
• Series: Policy Papers

Overview and purpose

• Provides operational guidance for the use of the Sovereign Risk and Debt Sustainability Framework (SRDSF), which replaces the Debt Sustainability Framework for Market Access Countries.
• SRDSF introduces improvements in organization, methodology, transparency, and communication when analyzing public debt issues in countries that mainly finance themselves with market-based debt.
• After its phased adoption beginning [June 2022], the SRDSF will become the Fund’s principal tool for assessing public debt sustainability.

Major methodological and operational themes

• Organization: restructures how public debt analysis is organized within the Fund’s assessment process.
• Methodology: updates and replaces previous Debt Sustainability Framework practices for market-access countries.
• Transparency: enhances clarity of assumptions, debt concepts, and coverage used in assessments.
• Communication: strengthens how debt sustainability findings are presented to stakeholders, including market participants.

Scope and subject coverage

• Subject areas explicitly listed:
  • Climate change
  • Debt sustainability
  • Debt sustainability analysis
  • Environment
  • External debt
  • Financial sector policy and analysis
  • Monetary policy
  • Political economy
  • Public debt
  • Stress testing
• Keywords highlighted include:
  • A. debt Fanchart module
  • B. debt sustainability assessment
  • Climate change
  • debt concept
  • debt coverage
  • Debt sustainability
  • Debt sustainability analysis
  • Global
  • Stress testing
  • sustainability assessment
  • transparency policy

Publication metadata and access

• Title: Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries
• Date: August 8, 2022
• Series: Policy Paper No. 2022/039
• Issue: 039
• Volume: 2022
• Pages: 135
• Stock No: PPEA2022039
• ISBN: 9798400216862
• ISSN: 2663-3493
• Format availability noted: PDF and more formats on IMF eLibrary; options to download PDF, order a print copy, and create citation.

International Monetary Fund. Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries, Policy Papers 2022, 039 (2022).

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