Update on the Joint IMF-WB Multipronged Approach to Address Debt Vulnerabilities.

Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importa...

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Bibliografiske detaljer
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2020.
Serier:Policy Papers; Policy Paper ; No. 2020/066
Online adgang:Full text available on IMF
Beskrivelse
Summary:Amid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importance of debt sustainability and transparency for long-term financing for development. At the same time, it should be noted that countries have limited capacities which are further stretched by COVID-19 and that implementation of the MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks.
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Fysisk beskrivelse:1 online resource (51 pages)
Format:Mode of access: Internet
ISSN:2663-3493
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