Unification of Discount Rates Used in External Debt Analysis for Low-Income Countries.

This paper proposes reforms to the discount rates used by the Bank and the Fund to (a) calculate the present value (PV) of the external debt of low-income countries (LICs) in debt sustainability analyses (DSAs) and (b) to calculate the grant element of individual loans. Consistent with the conclusio...

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Korporativní autor: International Monetary Fund
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2013.
Edice:Policy Papers; Policy Paper ; No. 2013/026
On-line přístup:Full text available on IMF
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245 1 0 |a Unification of Discount Rates Used in External Debt Analysis for Low-Income Countries. 
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490 1 |a Policy Papers 
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506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper proposes reforms to the discount rates used by the Bank and the Fund to (a) calculate the present value (PV) of the external debt of low-income countries (LICs) in debt sustainability analyses (DSAs) and (b) to calculate the grant element of individual loans. Consistent with the conclusions of the March 2013 review of the Fund's debt limits policy, the paper proposes a single uniform discount rate to be used for these related operational purposes. It has been prepared as a joint product of Bank and Fund staff, with the exception of the decision, which is Fund-specific. 
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830 0 |a Policy Papers; Policy Paper ;  |v No. 2013/026 
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