Operational Framework for Debt Sustainability in Low-Income Countries - Implications for Fund Program Design

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149833007X
Total Pages : 6 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Operational Framework for Debt Sustainability in Low-Income Countries - Implications for Fund Program Design by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Operational Framework for Debt Sustainability in Low-Income Countries - Implications for Fund Program Design written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2004-09-13 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Debt Sustainability in Low-Income Countries - Further Considerations on an Operational Framework and Policy Implications

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498330088
Total Pages : 58 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Debt Sustainability in Low-Income Countries - Further Considerations on an Operational Framework and Policy Implications by : World Bank

Download or read book Debt Sustainability in Low-Income Countries - Further Considerations on an Operational Framework and Policy Implications written by World Bank and published by International Monetary Fund. This book was released on 2004-10-09 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper seeks to address queries on several operational issues: (i) the robustness of the indicative thresholds; (ii) modalities for implementing DSAs; and (iii) operational implications for the Fund, Bank, and other international financial institutions and creditors.

Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications

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Publisher : International Monetary Fund
ISBN 13 : 1498330630
Total Pages : 84 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications by : International Monetary Fund. Finance Dept.

Download or read book Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy Implications written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2004-03-02 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Operational Framework for Debt Sustainability Assessments in Low-Income Countries - Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498331688
Total Pages : 19 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Operational Framework for Debt Sustainability Assessments in Low-Income Countries - Further Considerations by : International Monetary Fund

Download or read book Operational Framework for Debt Sustainability Assessments in Low-Income Countries - Further Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-03-28 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Building on initial discussions of the proposed framework in February/March 2004, and further considerations in September 2004, this paper responds to remaining concerns that need to be resolved to make the framework operational. These concerns relate to the indicative debt-burden thresholds (Section II); the interaction of the framework with the HIPC Initiative (Section III); and the modalities for Bank-Fund collaboration in deriving a common assessment of sustainability (Section IV). This note should be read in conjunction with the original proposal, which presented the wider issues on the use of the indicative thresholds, the evaluation of policies and institutions, and the need for discretion when assessing sustainability on a forward-looking basis.

Staff Guidance Note on the Application of the Joint Bank-Fund Debt Sustainability Framework for Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498341179
Total Pages : 61 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Staff Guidance Note on the Application of the Joint Bank-Fund Debt Sustainability Framework for Low-Income Countries by : World Bank

Download or read book Staff Guidance Note on the Application of the Joint Bank-Fund Debt Sustainability Framework for Low-Income Countries written by World Bank and published by International Monetary Fund. This book was released on 2013-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Debt Sustainability in Low-income Countries

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Publisher :
ISBN 13 :
Total Pages : 83 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Debt Sustainability in Low-income Countries by :

Download or read book Debt Sustainability in Low-income Countries written by and published by . This book was released on 2004 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498307264
Total Pages : 72 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Guidance Note on the Bank-Fund Debt Sustainability Framework for Low Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2018-02-14 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

A Review of Some Aspects of the Low-Income Country Debt Sustainability Framework

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498335713
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis A Review of Some Aspects of the Low-Income Country Debt Sustainability Framework by : International Monetary Fund

Download or read book A Review of Some Aspects of the Low-Income Country Debt Sustainability Framework written by International Monetary Fund and published by International Monetary Fund. This book was released on 2009-05-08 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank-Fund Debt Sustainability Framework (DSF) is a standardized framework for analyzing debt-related vulnerabilities in low-income countries (LICs). It aims to help countries monitor their debt burden and take early preventive action, to provide guidance to creditors in ensuring their lending decisions are consistent with countries’ development goals, and to improve the Bank and Fund’s assessments and policy advice. The DSF was last reviewed in 2006, and a reconsideration of some aspects of the framework is timely.

Review of Low-Income Country Debt Sustainability Framework and Implications of the Multilateral Debt Relief Initiative (MDRI)

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Publisher : International Monetary Fund
ISBN 13 : 149833282X
Total Pages : 36 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of Low-Income Country Debt Sustainability Framework and Implications of the Multilateral Debt Relief Initiative (MDRI) by : International Monetary Fund

Download or read book Review of Low-Income Country Debt Sustainability Framework and Implications of the Multilateral Debt Relief Initiative (MDRI) written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-03-24 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the experience with the joint IMF-World Bank Debt Sustainability Framework for low-income countries, including cooperation between the staffs, and highlights the implications of the Multilateral Debt Relief Initiative.

Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief

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Publisher : International Monetary Fund
ISBN 13 : 1498332064
Total Pages : 64 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief by : World Bank

Download or read book Applying the Debt Sustainability Framework for Low-Income Countries Post Debt Relief written by World Bank and published by International Monetary Fund. This book was released on 2006-06-11 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In April 2006, the Executive Boards of the Bank and the Fund reviewed the debt sustainability framework (DSF) for low-income countries and the implications of the multilateral debt relief initiative. Directors thought that the DSF was broadly appropriate and that no major changes were warranted, but saw scope for additional guidance on the application of the framework in a context where the apparent borrowing space created by debt relief raises new challenges in terms of policy advice. Most Directors supported a case-by-case approach for assessing the appropriate pace of debt accumulation in countries with debt below the DSF thresholds, but requested the development of specific recommendations on the implementation of such a case-by-case approach.

Review of the Debt Sustainability Framework for Low Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498346359
Total Pages : 111 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Review of the Debt Sustainability Framework for Low Income Countries by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Review of the Debt Sustainability Framework for Low Income Countries written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2017-02-10 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Debt Sustainability Framework for Low-income Countries (LIC DSF) has been the cornerstone of assessments of risks to debt sustainability in LICs. The framework classifies countries based on their assessed debt-carrying capacity, estimates threshold levels for selected debt burden indicators, evaluates baseline projections and stress test scenarios relative to these thresholds, and then combines indicative rules and staff judgment to assign risk ratings of external debt distress. The framework has demonstrated its operational value since the last review was conducted in 2012, but there are areas where new features can be introduced to enhance its performance in assessing risks. Against the backdrop of the evolving nature of risks facing LICs, both staff analysis and stakeholder feedback suggest gaps in the framework to be addressed. Complexity and lack of transparency have also been highlighted as causes for concern. This paper proposes a set of reforms to enhance the value of the LIC DSF for all users. In developing these reforms, staff has been guided by two over-arching principles: a) the core architecture of the DSF—model-based results complemented by judgment—remains appropriate; and b) reforms should ensure that the DSF maintains an appropriate balance by providing countries with early warnings of potential debt distress without unnecessarily constraining their borrowing for development.

Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries (LICs)

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781498333603
Total Pages : 31 pages
Book Rating : 4.3/5 (336 download)

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Book Synopsis Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries (LICs) by :

Download or read book Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries (LICs) written by and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-04-16 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Debt Sustainability Framework for Low-income Countries

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Publisher :
ISBN 13 : 9781589067929
Total Pages : 42 pages
Book Rating : 4.0/5 (679 download)

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Book Synopsis The Debt Sustainability Framework for Low-income Countries by : Bergljot Barkbu

Download or read book The Debt Sustainability Framework for Low-income Countries written by Bergljot Barkbu and published by . This book was released on 2008 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.--Publisher's description.

The Fund's Lending Framework and Sovereign Debt-Further Considerations

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781498344739
Total Pages : 99 pages
Book Rating : 4.3/5 (447 download)

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Book Synopsis The Fund's Lending Framework and Sovereign Debt-Further Considerations by :

Download or read book The Fund's Lending Framework and Sovereign Debt-Further Considerations written by and published by INTERNATIONAL MONETARY FUND. This book was released on 2015-09-04 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: In discussing the June 2014 paper, Executive Directors broadly supported staff’s proposal to introduce more flexibility into the Fund’s exceptional access framework to reduce unnecessary costs for the member, its creditors, and the overall system. Directors’ views varied on staff’s proposal to eliminate the systemic exemption introduced in 2010. Many Directors favored removing the exemption but some others preferred to retain it and requested staff to consult further with relevant stakeholders on possible approaches to managing contagion. This paper offers specific proposals on how the Fund’s policy framework could be changed, presents staff’s analysis on the specific issue of managing contagion, and addresses some implementation issues. No Board decision is proposed at this stage. The paper is consistent with the Executive Board’s May 2013 endorsement of a work program focused on strengthening market-based approaches to resolving sovereign debt crises.

Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498334059
Total Pages : 34 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries by : World Bank

Download or read book Staff Guidance Note on the Application of the Joint Fund-Bank Debt Sustainability Framework for Low-Income Countries written by World Bank and published by International Monetary Fund. This book was released on 2008-06-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Revisiting the Debt Sustainability Framework for Low-Income Countries

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Author :
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781498341028
Total Pages : 70 pages
Book Rating : 4.3/5 (41 download)

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Book Synopsis Revisiting the Debt Sustainability Framework for Low-Income Countries by : International Monetary Fund

Download or read book Revisiting the Debt Sustainability Framework for Low-Income Countries written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2012-12-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Monetary and Fiscal Policy Design Issues in Low-Income Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498331297
Total Pages : 70 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Monetary and Fiscal Policy Design Issues in Low-Income Countries by : International Monetary Fund. Policy Development and Review Dept.

Download or read book Monetary and Fiscal Policy Design Issues in Low-Income Countries written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2005-08-08 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considers possible adjustments in the design of Fund-supported programs, drawing on the experience of low-income countries that have successfully addressed the most apparent domestic macroeconomic imbalances.