Staff Guidance Note on Debt Limits in Fund-Supported Programs
Published By: IMF on eSS | Published Date: December, 18 , 2009In August 2009, the Executive Board approved new guidelines on external debt limits in Fund-supported programs. Debt limits seek to prevent the build-up of unsustainable debts, while allowing for adequate external financing. The new framework moves away from a single design for debt limits (or, to use the usual terminology, concessionality requirements) towards a more flexible approach. URL: [http://www.imf.org/external/np/pp/eng/2009/121809.pdf]
Author(s): International Monetary Fund | Posted on: May 18, 2011 | Views(889) | Download (129)