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POLICY PAPERS
February 15, 2022
As the global financial community considers how to extend debt relief accompanied by IMF adjustment programs to vulnerable low-income countries, the issue of policy conditions for fiscal adjustment will inevitably arise. This paper considers the effectiveness of conditions related to domestic revenu...
CGD NOTES
June 21, 2018
Rising debt vulnerability in low-income countries (LICs) is emerging as a front-burner issue. Analysts at the IMF and elsewhere are tracking increases in public debt ratios that had fallen after the Heavily Indebted Poor Countries Initiative and the Multilateral Debt Relief Initiative. Forty percent...