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 or actual debt...

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Bibliographic Details
Corporate Author: International Monetary Fund Strategy, Policy, & Review Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2020
Series:Policy Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Reform of the Policy on Public Debt Limits in IMF-Supported Programs 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2020 
300 |a 67 pages 
651 4 |a Central African Republic 
653 |a Public debt 
653 |a Finance 
653 |a Debt limits 
653 |a Public finance & taxation 
653 |a Government debt management 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Capital market 
653 |a Debt 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Asset and liability management 
653 |a International Lending and Debt Problems 
653 |a International economics 
653 |a External debt 
653 |a Debts, External 
653 |a Sovereign Debt 
653 |a Debt sustainability 
653 |a Public financial management (PFM) 
653 |a Concessional external borrowing 
653 |a Financial Risk Management 
653 |a Public Finance 
653 |a Finance: General 
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490 0 |a Policy Papers 
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520 |a 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