Are Fund Staff Projections of Debt More Optimistic Under Program Contexts?

Nopic
This note examines whether projections made in the context of a Fund-supported program are systematically more optimistic than those done for surveillance cases. Of particular interest in this regard is the assessment of external debt sustainability, as this underlies the "capacity to repay the Fund" analysis. Accordingly, this note examines... READ MORE...

Publication date: September 2005
ISBN 9781498330831
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