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

dc.contributor.author World Bank
dc.date.accessioned 2023-05-02T18:34:17Z
dc.date.available 2023-05-02T18:34:17Z
dc.date.issued 2023-05-02
dc.description.abstract This 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.identifier http://documents.worldbank.org/curated/en/099731104262334404/SECBOS009256130240968f07d6b8140f4f8
dc.identifier.uri https://openknowledge.worldbank.org/handle/10986/39774
dc.language English
dc.language.iso en
dc.publisher Washington, DC
dc.rights CC BY-NC 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri https://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subject IFC
dc.subject MIGA
dc.subject LOW-INCOME COUNTRY DEBT
dc.subject DEBT SUSTAINABILITY FRAMEWORK
dc.subject COUNTRY DEBT CAPACITY
dc.subject DETERMINING DEBT DISTRESS
dc.subject WORLD BANK DEBT DATA
dc.subject CLIMATE CHANGE IMPACT ON DEBT GROWTH
dc.subject COVID-19 PANDEMIC IMPACT ON DEBT
dc.title The World Bank’s Role in and Use of the Low-Income Country Debt Sustainability Framework en
dc.title.subtitle Independent Evaluation Group en
dc.type Working Paper
dspace.entity.type Publication
okr.crossref.title The World Bank’s Role in and Use of the Low-Income Country Debt Sustainability Framework: Independent Evaluation Group
okr.date.disclosure 2023-04-26
okr.date.lastmodified 2023-04-28T00:00:00Z en
okr.doctype IEG Evaluation
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/099731104262334404/SECBOS009256130240968f07d6b8140f4f8
okr.guid 099731104262334404
okr.identifier.docmid SECBOS-09256133-2f01-4b24-968f-7d6b8140f4f8
okr.identifier.doi DOI: 10.1596/IEG180652
okr.identifier.doi http://dx.doi.org/10.1596/39774
okr.identifier.externaldocumentum 34050632
okr.identifier.internaldocumentum 34050632
okr.identifier.report 180652
okr.import.id 605
okr.imported true en
okr.language.supported en
okr.pdfurl http://documents.worldbank.org/curated/en/099731104262334404/pdf/SECBOS009256130240968f07d6b8140f4f8.pdf en
okr.region.geographical World
okr.topic Finance and Financial Sector Development :: Debt Relief and HIPC
okr.topic Finance and Financial Sector Development :: Strategic Debt Management
okr.topic Macroeconomics and Economic Growth :: Inflation
okr.topic Macroeconomics and Economic Growth :: Economic Conditions and Volatility
okr.topic Macroeconomics and Economic Growth :: Economic Insecurity
okr.unit IEG Eco Mgt & Country Prog (IEGEC)
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