The Debt Sustainability Framework for Low-Income Countries

From the International Monetary Fund's Strategy, Policy, and Review Department, this report details the Debt Sustainability Framework, a joint framework developed by the International Monetary Fund and the World Bank to help analyze the reasonableness of the debt policies of low income countries, the consequences of incurring debt, and ways to avert buildups of debt in the future. It explains the analytical foundations of the framework, the concept and importance of debt sustainability, how the framework helps determine an adequate borrowing and lending strategy that seeks to contain the risk of debt distress, and how governments, donors, and lenders could use it more widely. A case study of Haiti is included. There is no index. Annotation c2009 Book News, Inc., Portland, OR (booknews.com)