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The New World Bank/IMF Debt Sustainability Framework

Does it Live Up to the Human Development Promise?

By Aldo Caliari

 
 

November 20, 2007

In April 2005, the "Debt Sustainability Framework," which rules out discounts debt cancellation, was adopted as the rule for managing debt in low-income borrowing countries. This paper asks the question of whether or to what extent the DSF is consistent with the human development approach to debt sustainability. In carrying out this analysis this paper develops and puts forward five principles that follow from the Human Development approach to debt sustainability and relies on a review of more than forty-three Debt Sustainability Assessments carried out under the Framework since its adoption.

Download: The New World Bank/IMF Debt Sustainability Framework (PDF, 80.26 K)

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RELATED

Biography:
Aldo Caliari
 
Organization:
Center of Concern
 
Resources:
Annual Conference for Development and Change (2007)
 
 
 
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Credit: Krzysztof J. Kokowicz, Lublin, Poland (First Place, Carnegie Council Poster Contest, Global Social Justice Category).
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