Publication:
The World Bank’s Role in and Use of the Low-Income Country Debt Sustainability Framework: Independent Evaluation Group

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-05-02T18:34:17Z
dc.date.available2023-05-02T18:34:17Z
dc.date.issued2023-05-02
dc.description.abstractThis evaluation, requested by the Committee on Development Effectiveness of the Executive Board of the International Development Association (IDA), is intended to provide input and insight into the upcoming World Bank–International Monetary Fund (IMF) review of the Low-Income Country Debt Sustainability Framework (LICDSF) currently planned for fiscal year 2023. The sharp rise in debt stress among low-income countries and a changing global risk landscape leading up to and after the onset of the COVID-19 pandemic have pushed concerns with debt sustainability to the top of the global policy agenda. This evaluation assesses the World Bank’s inputs into the LIC-DSF and how it uses LIC-DSF outputs to inform various corporate and country-level decisions. Main findings and recommendations include: (i) Expectations of the World Bank in taking the lead on long-term growth prospects should be clarified. (ii) Recently increased attention to debt data coverage should be sustained and extended; greater attention is needed to assess data quality. (iii) The DSA should be more directly and consistently used to inform priorities for the identification of fiscally oriented prior actions in development policy operations and SDFP performance and policy actions. (iv) The World Bank should continue to give increasing attention in the LIC-DSF to the long-term implications of climate change, in terms of both growth and fiscal requirements of adaptation and mitigation.en
dc.identifierhttp://documents.worldbank.org/curated/en/099731104262334404/SECBOS009256130240968f07d6b8140f4f8
dc.identifier.doi10.1596/39774
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39774
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectIFC
dc.subjectMIGA
dc.subjectLOW-INCOME COUNTRY DEBT
dc.subjectDEBT SUSTAINABILITY FRAMEWORK
dc.subjectCOUNTRY DEBT CAPACITY
dc.subjectDETERMINING DEBT DISTRESS
dc.subjectWORLD BANK DEBT DATA
dc.subjectCLIMATE CHANGE IMPACT ON DEBT GROWTH
dc.subjectCOVID-19 PANDEMIC IMPACT ON DEBT
dc.titleThe World Bank’s Role in and Use of the Low-Income Country Debt Sustainability Frameworken
dc.title.subtitleIndependent Evaluation Groupen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleThe World Bank’s Role in and Use of the Low-Income Country Debt Sustainability Framework: Independent Evaluation Group
okr.date.disclosure2023-04-26
okr.date.lastmodified2023-04-28T00:00:00Zen
okr.doctypeIEG Evaluation
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099731104262334404/SECBOS009256130240968f07d6b8140f4f8
okr.guid099731104262334404
okr.identifier.docmidSECBOS-09256133-2f01-4b24-968f-7d6b8140f4f8
okr.identifier.doiDOI: 10.1596/IEG180652
okr.identifier.doihttp://dx.doi.org/10.1596/39774
okr.identifier.externaldocumentum34050632
okr.identifier.internaldocumentum34050632
okr.identifier.report180652
okr.import.id605
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099731104262334404/pdf/SECBOS009256130240968f07d6b8140f4f8.pdfen
okr.region.geographicalWorld
okr.topicFinance and Financial Sector Development::Debt Relief and HIPC
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicMacroeconomics and Economic Growth::Inflation
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Economic Insecurity
okr.unitIEG Eco Mgt & Country Prog (IEGEC)
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