The IMF-WB Debt Sustainability Framework: Procedures, Applications and Criticisms

Danny Cassimon, Karel Verbeke and Dennis Essers

Development Finance Agenda, 2017, vol. 3, issue 1, 4-6

Abstract: At the completion of the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI), eligible countries’ public debt sustainability was restored. To ensure that irresponsible borrowing (and lending) policies do not derail debt again, the World Bank and IMF jointly developed the Debt Sustainability Framework (DSF) for low-income countries (LICs). In this article we explain how the DSF works, discuss the different creditor policies the output of the DSF informs, and highlight a number of critiques on the framework. We end by looking at potential modifications to the DSF.

Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.co.za/content/journal/10520/EJC-653da7983 (text/html)

Related works:
Working Paper: The IMF-WB Debt Sustainability Framework: Procedures, Applications and Criticisms (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:3:y:2020:i:1:p:4-6

Access Statistics for this article

More articles in Development Finance Agenda from Chartered Institute of Development Finance Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker ().