Guidance Note on the Fund’s Transparency Policy

Author: International Monetary Fund

The global financial crisis has had a significant impact on low-income countries (LICs)’ debt vulnerabilities.

Volume/Issue: Volume 2010 Issue 002

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Finance , PP , publication , staff , regime

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Summary

The global financial crisis has had a significant impact on low-income countries (LICs)’ debt vulnerabilities. Recent debt sustainability analyses (DSAs) indicate that external and fiscal financing requirements have increased. In addition, standard measures of a country’s capacity to repay debt?GDP, exports, and fiscal revenue?are expected to be permanently lower. On average, debt ratios are therefore expected to deteriorate in the near term, particularly for public debt.