01723cas a2200241 a 4500 AALejournalIMF010063 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451964905 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Financial and Fiscal Programming Under Debt Rescheduling. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews implications for financial and fiscal programming of different treatments of external debt rescheduling. Adjustment formulas are derived to ensure invariance of the macroeconomic outcome. An important consideration is the impact on the income position of the central bank. The results caution against the simple adjustment formulas sometimes applied. Even when defined on a 'falling due basis,' the size of the public sector deficit can be affected by the rescheduling treatment adopted. Under a properly defined aggregation between public sector deficit and income position of the central bank, the rescheduling treatment affects only the composition of the broader deficit. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/061 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/061/001.1989.issue-061-en.xml IMF e-Library