Debt Limits In Fund Supported Programs Proposed New Guidelines Supplementary Information And Proposed Decision
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Debt Limits in Fund-Supported Programs - Proposed New Guidelines - Supplementary Information and Proposed Decision
Author: International Monetary Fund. Legal Dept.
language: en
Publisher: International Monetary Fund
Release Date: 2009-08-20
This supplement summarizes the reforms proposed in IMF (2009a, b)1 to the existing framework governing external debt limits in Fund-supported programs, and presents the proposed decision that is needed to implement these reforms. The supplement is organized as follows: Section II provides a brief commentary on the proposed decision, emphasizing key aspects of the proposed reforms set out in IMF (2009a, b) 1. Section III contains the proposed decision approving the new guidelines on external debt in Fund arrangements. The proposed new guidelines are included in the Attachment to the decision.
Staff Guidance Note on Debt Limits in Fund-Supported Programs
Author: International Monetary Fund
language: en
Publisher: International Monetary Fund
Release Date: 2009-12-22
In 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.
Debt Limits in Fund-Supported Programs - Proposed New Guidelines
Author: International Monetary Fund. Strategy, Policy, & Review Department
language: en
Publisher: International Monetary Fund
Release Date: 2009-05-08
Low-income countries (LICs) face significant challenges in meeting their development objectives, while maintaining a sustainable debt position. To address this dilemma, the international community has largely advocated recourse to concessional external finance. The Fund’s existing policy and practice on external debt limits conforms to this preference.