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

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.
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Volume/Issue: Volume 2018 Issue 009
Publication date: February 2018
ISBN: 9781498307260
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Topics covered in this book

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Exports and Imports , Finance , Public Finance , PP , DSF user , exchange rate , accounts payable , central bank , DSF template , risk rating , LIC-DSF realism tool , GDP deflator , risk signal , capital stock , Debt sustainability analysis , Debt sustainability , Stress testing , Global

Summary

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.