Guidance Note On The Bank Fund Debt Sustainability Framework For Low Income Countries


Guidance Note On The Bank Fund Debt Sustainability Framework For Low Income Countries
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Guidance Note On The Bank Fund Debt Sustainability Framework For Low Income Countries


Guidance Note On The Bank Fund Debt Sustainability Framework For Low Income Countries
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2018-02-14

Guidance Note On The Bank Fund Debt Sustainability Framework For Low Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-14 with Business & Economics categories.


Low-income countries (LICs) face significant challenges in meeting their Sustainable Development Goals (SDGs) while at the same time ensuring that their external debt remains sustainable. In April 2005, the Executive Boards of the International Monetary Fund (IMF) and the International Development Association (IDA) approved the introduction of the Debt Sustainability Framework (DSF), a tool developed jointly by IMF and World Bank staff to conduct public and external debt sustainability analysis in low-income countries. The DSF has since been serving to help guide the borrowing decisions of LICs, provide guidance for creditors’ lending and grant allocation decisions, and improve World Bank and IMF assessments and policy advice. The latest review of the framework was approved by the Executive Boards in September 2017. This introduced reforms to ensure that the DSF remains appropriate for the rapidly changing financing landscape facing LICs and to further improve insights into debt vulnerabilities. This note provides operational and technical guidance on the implementation of the reformed framework.



Staff Guidance Note On The Application Of The Joint Bank Fund Debt Sustainability Framework For Low Income Countries


Staff Guidance Note On The Application Of The Joint Bank Fund Debt Sustainability Framework For Low Income Countries
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Author : World Bank
language : en
Publisher: International Monetary Fund
Release Date : 2013-05-10

Staff Guidance Note On The Application Of The Joint Bank Fund Debt Sustainability Framework For Low Income Countries written by World Bank and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-10 with Business & Economics categories.


Low-income countries (LICs) face significant challenges in meeting their development objectives while at the same time ensuring that their external debt remains sustainable. In April 2005, the Executive Boards of the International Monetary Fund (IMF) and the International Development Association (IDA) endorsed the Debt Sustainability Framework (DSF), a tool developed jointly by IMF and World Bank staff to conduct public and external debt sustainability analysis in low-income countries. The DSF aims to help guide the borrowing decisions of LICs, provide guidance for creditors’ lending and grant allocation decisions, and improve World Bank and IMF assessments and policy advice.



Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries


Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2010-01-25

Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-25 with Business & Economics categories.


The objective of the joint Bank-Fund debt sustainability framework for low-income countries is to support LICs in their efforts to achieve their development goals without creating future debt problems. 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. Under the framework, country DSAs are prepared jointly by Bank and Fund staff, with close collaboration between the two staffs on the design of the macroeconomic baseline, alternative scenarios, the debt distress rating, and the drafting of the write-up



Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries


Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries
DOWNLOAD

Author : World Bank
language : en
Publisher: International Monetary Fund
Release Date : 2008-06-10

Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries written by World Bank and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-10 with Business & Economics categories.


The objective of the joint Fund-Bank debt sustainability framework for low-income countries is to support LICs in their efforts to achieve their development goals without creating future debt problems. 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. Under the framework, country DSAs are prepared jointly by Bank and Fund staff, with close collaboration between the two staffs on the design of the macroeconomic baseline, alternative scenarios, the debt distress rating, and the drafting of the write-up.



Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries Lics


Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries Lics
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Author :
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2007-04-16

Staff Guidance Note On The Application Of The Joint Fund Bank Debt Sustainability Framework For Low Income Countries Lics written by and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-04-16 with Business & Economics categories.


The guidance note covers analytical aspects of the DSA framework, including the main changes introduced in this note. It also discusses DSA design and operational implications and technical modalities for preparing DSAs including timing, information sharing, review, and clearance. It outlines arrangements for HIPCs and discusses a communications strategy. An annex provides a user’s guide to the templates.



Staff Guidance Note For Public Debt Sustainability Analysis In Market Access Countries


Staff Guidance Note For Public Debt Sustainability Analysis In Market Access Countries
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-05-06

Staff Guidance Note For Public Debt Sustainability Analysis In Market Access Countries written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-06 with Business & Economics categories.


The framework for fiscal policy and public debt sustainability analysis (DSA) in market-access countries (MACs) was reviewed by the Executive Board in August 2011.1 The review responded to shortcomings in identifying fiscal vulnerabilities and assessing risks to debt sustainability against the backdrop of increased concerns over fiscal policy and public debt sustainability in many advanced economies.



Staff Guidance Note On The Sovereign Risk And Debt Sustainability Framework For Market Access Countries


Staff Guidance Note On The Sovereign Risk And Debt Sustainability Framework For Market Access Countries
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Author : International Monetary Fund. Strategy, Policy, & Review Department
language : en
Publisher: International Monetary Fund
Release Date : 2022-08-08

Staff Guidance Note On The Sovereign Risk And Debt Sustainability Framework For Market Access Countries written by International Monetary Fund. Strategy, Policy, & Review Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-08 with Business & Economics categories.


This note provides operational guidance for the use of the Sovereign Risk and Debt Sustainability Framework (SRDSF), which replaces the Debt Sustainability Framework for Market Access Countries. The SRDSF introduces improvements in organization, methodology, transparency, and communication when analyzing public debt issues in countries that mainly finance themselves with market-based debt. After its phased adoption beginning [June 2022], it will become the Fund’s principal tool for assessing public debt sustainability.



Guidance Note On Implementing The Debt Limits Policy In Fund Supported Programs


Guidance Note On Implementing The Debt Limits Policy In Fund Supported Programs
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-25

Guidance Note On Implementing The Debt Limits Policy In Fund Supported Programs written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-25 with Business & Economics categories.


The Debt Limits Policy (DLP) establishes the framework for using quantitative conditionality to address debt vulnerabilities in IMF-supported programs. In October 2020, the Executive Board approved reforms to the DLP which will enter into effect on June 30, 2021. The risk-based approach to setting debt conditionality informed by Debt Sustainability Analyses under the previous DLP approved in 2014 is maintained. The reforms aim to provide countries with more financing flexibility in practice while still adequately containing debt vulnerabilities through appropriate safeguards. This note provides operational and technical guidance related to the implementation of the DLP, including the operationalization of the approved reforms. In particular, it outlines the core principles underpinning the DLP, including when debt conditionality in IMF-supported programs is warranted and how to account for country-specific circumstances in the design of debt limits. The note also describes the process of setting and implementing debt conditionality, including: (i) identifying debt vulnerabilities to inform the focus of debt conditionality; (ii) designing debt conditionality; and (iii) implementing debt conditionality through the review cycle. The Guidance Note is intended for use by both IMF staff and country officials. In this regard, in addition to the guidance presented in the main body, the note also contains several annexes that cover definitional, technical, and operational issues arising in the determination and implementation of public debt limits.



Staff Guidance Note On Information Sharing In The Context Of Sovereign Debt Restructurings


Staff Guidance Note On Information Sharing In The Context Of Sovereign Debt Restructurings
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Author : International Monetary Fund. Legal Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2023-06-23

Staff Guidance Note On Information Sharing In The Context Of Sovereign Debt Restructurings written by International Monetary Fund. Legal Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-23 with Business & Economics categories.


The guidance note sets out principles governing information sharing in the context of sovereign debt restructurings. It restates the existing Fund governance and policy guidelines for information sharing to help inform and harmonize practices across Fund country teams. In addition to outlining guiding principles applicable to information sharing, it provides guidance on what level of information can be shared during each stage of the restructuring and program design process and in the surveillance context



Revisiting The Debt Sustainability Framework For Low Income Countries


Revisiting The Debt Sustainability Framework For Low Income Countries
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Author : International Monetary Fund
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2012-12-01

Revisiting The Debt Sustainability Framework For Low Income Countries written by International Monetary Fund and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-01 with Business & Economics categories.


Introduced in 2005, the joint IMF-World Bank Debt Sustainability Framework (DSF) is a standardized framework for conducting public and external debt sustainability analysis (DSA) in low-income countries (LICs). It aims to help guide the borrowing decisions of LICs, provide guidance for creditors‘ lending and grant allocation decisions, and improve World Bank and IMF assessments and policy advice. The framework was previously reviewed in 2006 and 2009. This paper provides a comprehensive review of the framework to assess whether it remains adequate in light of changing circumstances in LICs. It reviews the DSF‘s performance to date, presents the results of recent analytical work by IMF and World Banks staffs, and discusses a number of areas in which the framework could be improved.