Debt Sustainability and Debt Management in Developing Countries
- Shakira Mustapha, Annalisa Prizzon
- Jul 2015
- EPS PEAKS (Economic And Private Sector Professional Evidence and Applied Knowledge Services), Overseas Development Institute (ODI)
- International
An introduction to the economics of debt sustainability and debt management for development economists and practitioners, this guide outlines developments in the area of public debt in recent decades, such as the various options for sovereign debt restructuring including the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI), and the introduction and subsequent revisions of the World Bank-IMF Debt Sustainability Framework (DSF) used to assess a country’s risk of debt distress. While most beneficiaries have graduated from debt relief initiatives, some of them now face a rapidly evolving and increasingly complex finance landscape. The guide is focussed on developing countries and complements the 2013 Topic Guide on the Financial Sector also produced under EPS PEAKS.
