Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries

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Canonical URL: Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries

Low-income countries (LICs) face significant challenges in meeting their Sustainable Development Goals (SDGs) while ensuring that their external debt remains sustainable.
The Debt Sustainability Framework (DSF) was introduced in April 2005 by the Executive Boards of the International Monetary Fund (IMF) and the International Development Association (IDA).
The DSF is a tool developed jointly by IMF and World Bank staff to conduct public and external debt sustainability analysis in low-income countries.
The latest review of the framework was approved by the Executive Boards in September 2017, introducing reforms to address the rapidly changing financing landscape facing LICs and to improve insights into debt vulnerabilities.

Provides operational and technical guidance on the implementation of the reformed framework.
Targets practitioners involved in public and external debt sustainability analysis for LICs.

Reforms approved in September 2017 aim to:
- Ensure the DSF remains appropriate for the rapidly changing financing landscape facing LICs.
- Further improve insights into debt vulnerabilities.
The Guidance Note translates these reforms into operational and technical instructions for implementation.

The IMF eLibrary offers over 25,000 IMF publications in multiple formats.
The Guidance Note is dated February 14, 2018 and is available in French as well as English.

Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries, February 14, 2018.