02063cas a2200241 a 4500 AALejournalIMF020434 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498344043 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Public Debt Vulnerabilities in Low-Income Countries : The Evolving Landscape. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (59 pages) Policy 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 is the first joint IMF/World Bank report on public debt vulnerabilities in low income countries (LICs). It examines debt-related developments and their underlying causes since the onset of the global financial crisis. The findings will inform the upcoming review of the IMF/WB debt sustainability framework for LICs. Over this period, improved macroeconomic performance in LICs, combined with HIPC/MDRI debt relief and high demand for commodities, contributed to improved LIC creditworthiness. At the same time, new borrowing opportunities emerged as a result of the accommodative liquidity conditions in international capital markets, the deepening of domestic financial markets for some LICs, and the growing lending activities of non-Paris Club countries. These new financing possibilities helped mitigate the decline in Paris Club lending to LICs and have been associated with a shift toward greater reliance on non-concessional credit. The changing financing landscape has been most significant for frontier LICs. Mode of access: Internet Policy Papers; Policy Paper ; No. 2015/050 Full text available on IMF http://elibrary.imf.org/view/journals/007/2015/050/007.2015.issue-050-en.xml IMF e-Library