Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries
Policy Papers, January 25, 2010
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- Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries
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Bibliographic details
- Published: January 25, 2010
- Series: Policy Papers
Summary
- Objective: Support low-income countries (LICs) in achieving their development goals without creating future debt problems.
- Emphasis: Countries that have received debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) need to be kept on a sustainable track.
- Joint preparation: Country debt sustainability analyses (DSAs) are prepared jointly by Bank and Fund staff.
- Collaborative elements: Close collaboration between Bank and Fund staffs on the design of the macroeconomic baseline, alternative scenarios, the debt distress rating, and the drafting of the write-up.
Implementation and collaborative process
- Joint Bank-Fund responsibility for country DSAs.
- Key collaborative tasks:
- Design of the macroeconomic baseline.
- Construction of alternative scenarios.
- Determination of the debt distress rating.
- Drafting the DSA write-up.
Policy focus and covered topics
- Allocation of SDRs
- Collaboration with World Bank
- Debt burden
- Debt sustainability analysis
- External debt
- Low-income developing countries
- Public debt
- Public enterprises
- Public investment
- Workers remittances
Publication and access notes
- Publication date on page: January 25, 2010
- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.
Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries