DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 4

Chia sẻ: Nguyen Nhi | Ngày: | Loại File: PDF | Số trang:8

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DEBT SUSTAINABILITY FRAMEWORK FOR LOW INCOME COUNTRIES : POLICY AND RESOURCE IMPLICATIONS - Part 4

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Every year, the World Bank rates the economic, social and political performance of each borrowing government by the extent of its compliance with its own definition of “good” policies and institutions. For this purpose, it uses the CPIA. It rates the policy and institutional performance of each government relative to 20 criteria (grouped in four clusters). The World Bank uses this rating of individual governments as a diagnostic tool to a) allocate loan and grant resources among borrowers, b) determine the policy direction of new operations, and c) influence debt threshold targets. ...

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