Preserving Debt Sustainability in Low-Income Countries in the Wake of the Global Crisis
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Summary:
The global financial crisis has had a significant impact on low-income countries (LICs)’ debt vulnerabilities. Recent debt sustainability analyses (DSAs) indicate that external and fiscal financing requirements have increased. In addition, standard measures of a country’s capacity to repay debt―GDP, exports, and fiscal revenue―are expected to be permanently lower. On average, debt ratios are therefore expected to deteriorate in the near term, particularly for public debt.
Series:
Policy Papers
Subject:
Cross country analysis Debt relief Debt sustainability External financing Financial crisis Fiscal policy Global Financial Crisis 2008-2009 HIPC Initiative Low-income developing countries Public debt
English
Publication Date:
April 1, 2010
Format:
Paper
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