Policy Papers

Supplement to 2018 Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries

August 5, 2024

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International Monetary Fund. Strategy, Policy, & Review Department, and World Bank. "Supplement to 2018 Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries", Policy Papers 2024, 039 (2024), accessed December 22, 2024, https://doi.org/10.5089/9798400285363.007

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Summary

This Supplement provides additional guidance to IMF and World Bank staff on the implementation of the Bank-Fund Debt Sustainability Framework for Low Income Countries (LIC-DSF) approved in 2017 by the IMF and World Bank Boards. It complements the 2018 Bank-Fund Guidance Note on the LIC-DSF. Since the publication of the 2018 Guidance Note, several issues have increased in significance, requiring more tailored guidance on the implementation of the LIC-DSF to address these issues, including: • Greater prominence of risks from climate change. • Further increase in borrowing on commercial terms and in domestic markets. • Increased number and complexity of debt restructurings. This Supplement to the 2018 Guidance Note on the LIC-DSF provides further guidance on how to address these issues within the current framework. All aspects of the 2018 LIC-DSF Guidance Note remain in effect, except as modified in this Supplement.

Subject: Asset and liability management, Climate change, Climate policy, Debt restructuring, Debt service, Debt sustainability, Debt sustainability analysis, Domestic debt, Environment, External debt, Natural disasters, Public debt

Keywords: Burden indicator, Climate change, Climate change, Climate finance, Climate policy, Debt restructuring, Debt restructuring, Debt service, Debt sustainability, Debt sustainability, Debt sustainability analysis, Debt sustainability analysis, Domestic debt, Domestic debt, Domestic Public Debt, Environment, External Public Debt, Global, IMF poverty reduction, IMF resilience, Natural disasters, Pacific Islands, Stress testing, Transparency policy, WB country climate

Publication Details

Notes

Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries

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