Low-income countries (LICs) face significant challenges in meeting their development
objectives, including the Sustainable Development Goals (SDGs), while at the same
time ensuring that their external debt remains sustainable. In April 2005, the Executive
Boards of the Fund and the Bank endorsed a joint framework for debt sustainability
assessments (DSAs) in low-income countries. The aim of the DSF is to guide borrowing
decisions of low-income countries in a way that matches their need for funds with
their current and prospective ability to service debt, tailored to their specific
circumstances. More
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