Reform of the Policy on Public Debt Limits in IMF-Supported Programs.

This paper evaluates the IMF's policy on the use of quantitative limits on public debt in IMF-supported programs (the 'debt limits policy') and proposes a number of modifications. The review is taking place at a time when many countries are experiencing heightened debt vulnerabilities...

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Bibliografiska uppgifter
Institutionell upphovsman: International Monetary Fund. Strategy, Policy, and Review Department
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2020.
Länkar:Full text available on IMF
Beskrivning
Sammanfattning:This paper evaluates the IMF's policy on the use of quantitative limits on public debt in IMF-supported programs (the 'debt limits policy') and proposes a number of modifications. The review is taking place at a time when many countries are experiencing heightened debt vulnerabilities or actual debt distress, aggravated by the COVID-19 shock, and occurring against the backdrop of a changing credit landscape in which concessional finance is scarcer relative to countries' investment needs.
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Fysisk beskrivning:1 online resource (66 pages)
Materialtyp:Mode of access: Internet
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