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

International Monetary Fund

No 2024/039, IMF Policy Papers from International Monetary Fund

Abstract: 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.

Keywords: climate change; Climate finance; Debt sustainability; Debt sustainability analysis; Domestic Public Debt; Environment; External Public Debt; Stress testing; IMF poverty reduction; IMF resilience; transparency policy; WB country climate; burden indicator; Domestic debt; Debt restructuring; Global; Pacific Islands (search for similar items in EconPapers)
Pages: 32
Date: 2024-08-05
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