The World Bank and the International Monetary Fund use the Low-Income Country Debt Sustainability Framework to assess the sustainability of sovereign debt in about 75 low- and middle-income developing countries. It is overdue for a review, and this paper recommends that it be replaced for three reasons. First, it was designed when official concessional external debt was virtually synonymous with public debt. Over the past decade, however, the marginal...
انظر المزيد
تفاصيل
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2023/11/09
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ورقة عمل خاصة ببحوث السياسات
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WPS10602
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1
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2023/11/09
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Disclosed
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Making the Low-Income Country Debt Sustainability Framework Fit for Purpose