Staff Guidance Note on Debt Limits in Fund-Supported Programs
December 22, 2009
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In August 2009, the Executive Board approved new guidelines on external debt limits in Fund-supported programs. Debt limits seek to prevent the build-up of unsustainable debts, while allowing for adequate external financing. The new framework moves away from a single design for debt limits (or, to use the usual terminology, concessionality requirements) towards a more flexible approach.
Subject: Access limits, Access to Fund general resources, Concessional aid, Conditionality guidelines, External debt, Fund policies, Low-income developing countries, Public debt, Public enterprises
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