Review of The Debt Sustainability Framework For Market Access Countries
Download or Read eBook Review of The Debt Sustainability Framework For Market Access Countries PDF written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2021-02-03 with total page 124 pages. Available in PDF, EPUB and Kindle.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 124 |
| Release | : 2021-02-03 |
| ISBN-10 | : 9781513568324 |
| ISBN-13 | : 1513568329 |
| Rating | : 4/5 (24 Downloads) |
Book Synopsis Review of The Debt Sustainability Framework For Market Access Countries by : International Monetary Fund. Strategy, Policy, & Review Department
Book excerpt: A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF’s lending framework. This note proposes replacing the current framework with a new methodology based on risk assessments at three different horizons. Extensive testing has shown that the proposed framework has much better predictive accuracy than the current one. In addition to predicting sovereign stress, the framework can be used to derive statements about debt stabilization under current policies and about debt sustainability.
