DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 3

Chia sẻ: Nguyen Nhi | Ngày: | Loại File: PDF | Số trang:9

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DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 3

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Unlike in the HIPC Initiative where a single indicator – debt to exports - was used the DSF paper selects three debt ratios to judge debt sustainability. Further, country policies and institutional capability and vulnerability to shocks are other factors identified as being important for assessing a country’s debt sustainability. In particular, country policies and institutional capability are used to grade countries and determine different debt ratio thresholds for them.

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