Operational Framework for Debt Sustainability Assessments in Low-Income Countries -- Further Considerations

Public Information Notice: IMF Executive Board Discusses Operational Framework for Debt Sustainability Assessments in Low-Income Countries, May 4, 2005

How the IMF Helps Poor Countries

Poverty Reduction Strategy Papers (PRSP)

The IMF's Poverty Reduction and Growth Facility (PRGF)

Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative

Operational Framework for Debt Sustainability Assessments in Low-Income Countries—Further Considerations
Prepared by the Staffs of the IMF and World Bank
March 28, 2005

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I.	Introduction

II.	Choice of Indicative Debt-Burden Thresholds

III.	Interaction with the HIPC Initiative

IV.	Modalities for Bank-Fund Collaboration on DSAs

V.	Conclusions

VI.	Issues for Discussion

Tables
Table 1.	Low-Income Country Groupings By Quality of Policies and Institutions
Table 2.	Debt-Burden Thresholds Under Alternative Options
Table 3.	Hypothetical Impact of Alternative Thresholds on Total Indebtedness
Table 4.	Comparison of Debt-to-Exports and Debt-to-GDP Ratios With
	Indicative Thresholds

Box
Box 1.	Proposed Low-Income Country Debt Distress Classification

Contents