The Debt Sustainability Framework for Low-Income Countries

By Christian H. Beddies, Marie-Helene Le Manchec, Bergljot B Barkbu

February 25, 2009

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Format: Chicago

Christian H. Beddies, Marie-Helene Le Manchec, and Bergljot B Barkbu. The Debt Sustainability Framework for Low-Income Countries, (USA: International Monetary Fund, 2009) accessed December 23, 2024

Summary

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.

Subject: Debt service, Debt sustainability, Debt sustainability analysis, External debt, Public debt

Keywords: Africa, Borrowing decisions of LIC, Debt, Debt problem, Debt service, Debt sustainability, Debt sustainability analysis, Debt-service difficulty, Distress threshold, Financing, Global, LIC, LICS' development, OP, Renewed debt problem, Traffic light system, Western Hemisphere

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2009/001
Stock No:

S266EA
ISBN:

9781589067929
ISSN:

0251-6365

Supplemental Resources

Link to Abstract
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