... debt in the estimates
of total debt stock.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting ...
CONTENTS
Executive Summary
Introduction 1
Debt Sustainability and Debt Indicators 2
Debt Sustainability Framework 6
Debt Distress 7
Performance Base...
... total external debt or public and publicly
guaranteed debt.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical ... in Low Income Countries: Proposal for an Operational Framework and Policy
Implications by Mark Allen and Gobind Nankani, IMF and IDA, February 3,...
... Policies
7
Debt Indicator Strong Medium Poor
NPV of debt/ GDP 60 45 30
NPV of debt/ Exports 300 200 100
7
Ibid footnote 2.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE ... 19 in Debt Sustainability in Low Income Countries” by Mark Allen and Gobind Nankani,
World Bank and IMF, February 2004.
bands, 10 percent above and...
... of
the World Bank in September 2004.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, ... stability and depth; banking sector
efficiency and resource mobilization; competitive environment for
the private sector; factor and product markets; and...
... Countries
1
Ibid footnote 3, page 10.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, ... that is proposed for IDA 14, the best that can be hoped for if
upfront donor contributions (for foregone service charges and
commitment fees) materialize...
... DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, ... arrangements for the allocation of
grants that is proposed for IDA 14, the best that can be hoped for if
upfront donor contributions (for foregone service charges and
commitment fees) materializ...
... debt
indicator is above the threshold value in which case it is necessary to
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for ... short-
term debt to international reserves. Indicators of fiscal vulnerability
should also be estimated for all low income countries.
The PBA System
2
1
De...
... could achieve debt sustainability. This is
particularly important when IDA accounts for a small share of a
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS ... debt risk when only public and
Conclusions and Recommendations
59. The framework summarized in the paper
1
starts with a grouping of all
low income co...
... value of government debt service to
government revenue.
5
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical ... separately for short-term and long-
term debt.
b) The ratio of short-term debt to total debt outstanding measures the
vulnerability of a country’s debt...
... Outstanding Issues,
IDA, February 2004.
DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES:
POLICY AND RESOURCE IMPLICATIONS
Paper submitted for the G-24 Technical Group Meeting
(Washington, ...
11. Debt Sustainability in Low Income Countries, Allen and Nankani, IMF &
IDA, February 2004.
12. Debt Sustainability and Financing Terms in I...