1887

Commonwealth Secretariat Discussion Paper

The Discussion Paper series raises awareness of topics that are of importance to Commonwealth work programmes. Discussion Papers explore an issue relating to research or programme activities and provoke debate on it. The intended readership is researchers and policy advisers.

English

Review of the Joint WB-IMF Debt Sustainability Framework (2016)

‘Readjusting the IMF's Loss Function'

The discussion note puts forward several perspectives on the WB-IMF debt sustainability framework (DSF), with the aim of contributing to discussions on the framework review occurring in 2016. The paper makes specific recommendations stemming from views on the tone, debt threshold methodology and lack of ample feedback in the DSF.

English

Keywords: IMF, external debt, World Bank, low income countries, debt sustainability
JEL: O19: Economic Development, Innovation, Technological Change, and Growth / Economic Development / International Linkages to Development; Role of International Organizations; F35: International Economics / International Finance / Foreign Aid; O11: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Macroeconomic Analyses of Economic Development; F33: International Economics / International Finance / International Monetary Arrangements and Institutions; F34: International Economics / International Finance / International Lending and Debt Problems
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