Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief
Policy Papers, November 6, 2006
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- Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief
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Bibliographic details
- Published: November 6, 2006
- Series: Policy Papers
Review and Context
- In April 2006, the Executive Boards of the Bank and the Fund reviewed the debt sustainability framework (DSF) for low-income countries and the implications of the multilateral debt relief initiative.
- Directors thought that the DSF was broadly appropriate and that no major changes were warranted.
- Directors saw scope for additional guidance on the application of the framework in a context where the apparent borrowing space created by debt relief raises new challenges in terms of policy advice.
Key Findings
- Most Directors supported a case-by-case approach for assessing the appropriate pace of debt accumulation in countries with debt below the DSF thresholds.
- Directors requested the development of specific recommendations on the implementation of such a case-by-case approach.
Subjects and Themes
- Debt relief
- Debt sustainability analysis
- Lapse of time approval
- Low-income developing countries
- Multilateral debt relief initiative
Source: Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief (International Monetary Fund).