{
  "title": "Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities",
  "publication": "Policy Papers, December 14, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2020/12/10/update-on-the-joint-imf-wb-multipronged-approach-to-address-debt-vulnerabilities-49946",
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  "summary": "Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities.\n- Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importance of debt sustainability and transparency for long-term financing for development.\n- Countries have limited capacities which are further stretched by COVID-19.\n- Implementation of the MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks."
    },
    {
      "heading": "Major findings",
      "content": "- Rising debt risks are present in low-income developing countries and emerging markets.\n- COVID-19 amplifies debt risks and increases urgency for implementing the MPA.\n- Debt sustainability and transparency are important for long-term financing for development.\n- Country capacities are limited and further stretched by COVID-19.\n- The MPA alone may not be sufficient to address debt vulnerabilities and risks from global economic shocks."
    },
    {
      "heading": "Policy implications and priorities",
      "content": "- Accelerate implementation of the multipronged approach (MPA) given amplified debt risks from COVID-19.\n- Strengthen debt sustainability analysis and debt transparency to support long-term financing for development.\n- Provide capacity support to countries whose abilities to implement debt-related policies are constrained by COVID-19.\n- Recognize the limits of the MPA and consider complementary measures to address risks from global economic shocks."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Debt sustainability, Debt sustainability analysis, Fiscal risks, Government debt management, Public debt\n- Keywords: analysis tool, debt transparency, debt vulnerability, IMF data provision framework, IMF debt data provision requirement, IMF-WB CD work, multipronged approach, PP, WB CD effort, WB QPSD database, WB staff"
    },
    {
      "heading": "Publication particulars and key statistics",
      "content": "- Publication date: December 14, 2020\n- Pages: 51\n- Volume: 2020\n- Issue: 066\n- Series: Policy Paper No. 2020/066\n- Stock No: PPEA2020066\n- ISBN: 9781513563619\n- ISSN: 2663-3493\n- DOI: https://doi.org/10.5089/9781513563619.007\n\nUpdate on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities (Policy Paper No. 2020/066)\n\n---\n\n Content in this bundle\n\n- ppea2020066\n  - ppea2020066 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - ppea2020066 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2020/12/10/update-on-the-joint-imf-wb-multipronged-approach-to-address-debt-vulnerabilities-49946"
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    "Published: December 14, 2020",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9781513563619.007",
    "Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities.",
    "Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importance of debt sustainability and transparency for long-term financing for development.",
    "Countries have limited capacities which are further stretched by COVID-19.",
    "Implementation of the MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks.",
    "Rising debt risks are present in low-income developing countries and emerging markets.",
    "COVID-19 amplifies debt risks and increases urgency for implementing the MPA.",
    "Debt sustainability and transparency are important for long-term financing for development.",
    "Country capacities are limited and further stretched by COVID-19.",
    "The MPA alone may not be sufficient to address debt vulnerabilities and risks from global economic shocks.",
    "Accelerate implementation of the multipronged approach (MPA) given amplified debt risks from COVID-19.",
    "Strengthen debt sustainability analysis and debt transparency to support long-term financing for development.",
    "Provide capacity support to countries whose abilities to implement debt-related policies are constrained by COVID-19.",
    "Recognize the limits of the MPA and consider complementary measures to address risks from global economic shocks.",
    "Subject: Debt sustainability, Debt sustainability analysis, Fiscal risks, Government debt management, Public debt",
    "Keywords: analysis tool, debt transparency, debt vulnerability, IMF data provision framework, IMF debt data provision requirement, IMF-WB CD work, multipronged approach, PP, WB CD effort, WB QPSD database, WB staff",
    "Publication date: December 14, 2020",
    "Pages: 51",
    "Volume: 2020",
    "Issue: 066",
    "Series: Policy Paper No. 2020/066",
    "Stock No: PPEA2020066",
    "ISBN: 9781513563619",
    "ISSN: 2663-3493",
    "DOI: https://doi.org/10.5089/9781513563619.007",
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