Debt Limits in Fund-Supported Programs - Proposed New Guidelines
August 5, 2009
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Low-income countries (LICs) face significant challenges in meeting their development objectives, while maintaining a sustainable debt position. To address this dilemma, the international community has largely advocated recourse to concessional external finance. The Fund’s existing policy and practice on external debt limits conforms to this preference.
Subject: Access limits, Access to Fund general resources, Concessional aid, Debt management, Debt sustainability, External debt, External financing, Financial management, Fund facilities, Fund policies, Low-income developing countries, Public finance
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