Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities

International Monetary Fund

No 2020/066, IMF Policy Papers from International Monetary Fund

Abstract: Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importance of debt sustainability and transparency for long-term financing for development. At the same time, it should be noted that countries have limited capacities which are further stretched by COVID-19 and that implementation of the MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks.

Keywords: PP; debt transparency; IMF-WB CD work; debt vulnerability; WB QPSD database; analysis tool; IMF data provision framework; IMF debt data provision requirement; multipronged approach; WB CD effort; WB staff (search for similar items in EconPapers)
Pages: 51
Date: 2020-12-14
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