Staff Guidance Note for Public Debt Sustainability Analysis in Market-Access Countries

Staff Guidance Note for Public Debt Sustainability Analysis in Market-Access Countries
Title Staff Guidance Note for Public Debt Sustainability Analysis in Market-Access Countries PDF eBook
Author International Monetary Fund. Fiscal Affairs Dept.
Publisher International Monetary Fund
Pages 55
Release 2013-05-06
Genre Business & Economics
ISBN 1498341845

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The framework for fiscal policy and public debt sustainability analysis (DSA) in market-access countries (MACs) was reviewed by the Executive Board in August 2011.1 The review responded to shortcomings in identifying fiscal vulnerabilities and assessing risks to debt sustainability against the backdrop of increased concerns over fiscal policy and public debt sustainability in many advanced economies.

A Guide and Tool for Projecting Public Debt and Fiscal Adjustment Paths with Local- and Foreign-Currency Debt

A Guide and Tool for Projecting Public Debt and Fiscal Adjustment Paths with Local- and Foreign-Currency Debt
Title A Guide and Tool for Projecting Public Debt and Fiscal Adjustment Paths with Local- and Foreign-Currency Debt PDF eBook
Author Mr. Santiago Acosta Ormaechea
Publisher International Monetary Fund
Pages 32
Release 2021-05-28
Genre Business & Economics
ISBN 151357728X

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This guide presents the analytical underpinnings and a user manual for the Excel-based Public Debt Dynamics Tool (DDT).

Review of The Debt Sustainability Framework For Market Access Countries

Review of The Debt Sustainability Framework For Market Access Countries
Title Review of The Debt Sustainability Framework For Market Access Countries PDF eBook
Author International Monetary Fund. Strategy, Policy, & Review Department
Publisher International Monetary Fund
Pages 124
Release 2021-02-03
Genre Business & Economics
ISBN 1513568329

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A careful review has revealed significant scope to modernize and better align the MAC DSA with its objectives and the IMF’s lending framework. This note proposes replacing the current framework with a new methodology based on risk assessments at three different horizons. Extensive testing has shown that the proposed framework has much better predictive accuracy than the current one. In addition to predicting sovereign stress, the framework can be used to derive statements about debt stabilization under current policies and about debt sustainability.

From Banking to Sovereign Stress - Implications For Public Debt

From Banking to Sovereign Stress - Implications For Public Debt
Title From Banking to Sovereign Stress - Implications For Public Debt PDF eBook
Author International Monetary Fund
Publisher International Monetary Fund
Pages 88
Release 2014-12-22
Genre Business & Economics
ISBN 1498342434

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This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal authorities to help manage the risks and enhance crisis preparedness.

Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries

Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries
Title Staff Guidance Note on the Sovereign Risk and Debt Sustainability Framework for Market Access Countries PDF eBook
Author International Monetary Fund. Strategy, Policy, & Review Department
Publisher International Monetary Fund
Pages 136
Release 2022-08-08
Genre Business & Economics
ISBN

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This note provides operational guidance for the use of the Sovereign Risk and Debt Sustainability Framework (SRDSF), which replaces the Debt Sustainability Framework for Market Access Countries. The SRDSF introduces improvements in organization, methodology, transparency, and communication when analyzing public debt issues in countries that mainly finance themselves with market-based debt. After its phased adoption beginning [June 2022], it will become the Fund’s principal tool for assessing public debt sustainability.

International Monetary Fund Annual Report 2014

International Monetary Fund Annual Report 2014
Title International Monetary Fund Annual Report 2014 PDF eBook
Author International Monetary Fund. Secretary's Department
Publisher International Monetary Fund
Pages 82
Release 2014-10-03
Genre Business & Economics
ISBN 1498395783

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Seven years after the onset of the global financial crisis, the world still has a way to go to secure a sustainable recovery marked by strong growth that supports rapid job creation and benefits all, International Monetary Fund (IMF) Managing Director Christine Lagarde says in her foreword to the institution’s Annual Report 2014—From Stabilization to Sustainable Growth, published today. The recovery is ongoing, but it is still too slow and fragile, subject to the vagaries of financial sentiment. Millions of people are still looking for work. The level of uncertainty might be diminishing, but it is certainly not disappearing.” Ms. Lagarde said that “throughout the crisis and in the recovery period, the IMF has been, and continues to be, an indispensible agent of economic cooperation” for its membership. The report covers the work of the IMF’s Executive Board and contains financial statements for the year May 1, 2013, to April 30, 2014. It describes the IMF’s support for its 188 member countries, with an emphasis on the core areas of IMF responsibility: assessing their economic and financial policies, providing financing where needed, and building capacity in key areas of economic policy.

Assessing Loss of Market Access: Conceptual and Operational Issues

Assessing Loss of Market Access: Conceptual and Operational Issues
Title Assessing Loss of Market Access: Conceptual and Operational Issues PDF eBook
Author Ms.Anastasia Guscina
Publisher International Monetary Fund
Pages 63
Release 2017-11-15
Genre Business & Economics
ISBN 1484329228

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Loss of market access (LMA) is a central element and an exacerbator of balance of payments and fiscal crises. This paper provides an operational definition of LMA, examines the predictive power of potential LMA leading indicators, attempts to determine the likely nature (temporary versus structural) of an LMA episode, and analyzes potential implications of such an assessment on the required degree of adjustment to restore market access. Finally, it highlights the possible application of the methodological framework for identifying emerging risks to market access.