Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities

Volume/Issue: Volume 2020 Issue 066

Publication date: December 2020

ISBN: 9781513563619

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , PP , debt transparency , IMF-WB CD work , debt vulnerability , WB QPSD database , analysis tool , IMF data provision framework , IMF debt data provision requirement , multipronged approach , WB CD effort , WB staff

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Summary

Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importance of debt sustainability and transparency for long-term financing for development. At the same time, it should be noted that countries have limited capacities which are further stretched by COVID-19 and that implementation of the MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks.