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Book Synopsis
Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited from substantial debt relief. These challenges are further exacerbated by changes in the financial landscape, including the emergence of new creditors and investors, the use of more complex financing vehicles, and the development of domestic markets. The joint World Bank/IMF debt sustainability framework is well placed to help address these challenges and reduce the risks of renewed episodes of debt distress. This paper explains the analytical underpinnings of the framework and the means to ensure its full effectiveness.

The Debt Sustainability Framework for Low-income

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A Paperback / softback by Marie-Helene Le Manchec, Bergljot Barkbu, Christian H. Beddies

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    View other formats and editions of The Debt Sustainability Framework for Low-income by Marie-Helene Le Manchec

    Publisher: International Monetary Fund (IMF)
    Publication Date: 30/05/2009
    ISBN13: 9781589067929, 978-1589067929
    ISBN10: 1589067924
    Also in:
    International economics Aid and relief programmes

    Description

    Book Synopsis
    Low-income countries continue to face significant challenges in meeting their vast development needs while maintaining a sustainable debt position, even after many of these countries have benefited from substantial debt relief. These challenges are further exacerbated by changes in the financial landscape, including the emergence of new creditors and investors, the use of more complex financing vehicles, and the development of domestic markets. The joint World Bank/IMF debt sustainability framework is well placed to help address these challenges and reduce the risks of renewed episodes of debt distress. This paper explains the analytical underpinnings of the framework and the means to ensure its full effectiveness.

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