Staff Guidance Note on Debt Limits in Fund-Supported Programs

In August 2009, the Executive Board approved new guidelines on external debt limits in Fund-supported programs.

Volume/Issue: Volume 2009 Issue 101

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Business and Economics , Exports and Imports , Public Finance , PP , debt limit , debt , debt vulnerability , Advanced LICS , financing

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Summary

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.