Revisiting the Debt Sustainability Framework for Low-Income Countries
Policy Papers, January 12, 2012
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- Canonical URL
- Revisiting the Debt Sustainability Framework for Low-Income Countries
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Bibliographic details
- Published: January 12, 2012
- Series: Policy Papers
Overview
- Introduced in 2005, the joint IMF-World Bank Debt Sustainability Framework (DSF) is a standardized framework for conducting public and external debt sustainability analysis (DSA) in low-income countries (LICs).
- The DSF aims to:
- help guide the borrowing decisions of LICs,
- provide guidance for creditors‘ lending and grant allocation decisions,
- improve World Bank and IMF assessments and policy advice.
- The framework was previously reviewed in 2006 and 2009.
Purpose and scope of the paper
- This paper provides a comprehensive review of the framework to assess whether it remains adequate in light of changing circumstances in LICs.
- The review:
- examines the DSF‘s performance to date,
- presents the results of recent analytical work by IMF and World Bank staffs,
- discusses a number of areas in which the framework could be improved.
Publication and access
- Publication title: Revisiting the Debt Sustainability Framework for Low-Income Countries
- Publication date: January 12, 2012
- Format: Web landing page (Policy Papers)
- Subject tags listed: Debt sustainability, External debt, Fiscal policy, Infrastructure, Low-income developing countries, Public debt, Public investment
Source: Revisiting the Debt Sustainability Framework for Low-Income Countries (January 12, 2012).