Author : World Bank
Publisher : International Monetary Fund
ISBN 13 : 1498341233
Total Pages : 12 pages
Book Rating : 4.33/5 ( download)
Book Synopsis Unification of Discount Rates Used in External Debt Analysis for Low-Income Countries by : World Bank
Download or read book Unification of Discount Rates Used in External Debt Analysis for Low-Income Countries written by World Bank and published by International Monetary Fund. This book was released on 2013-04-10 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes reforms to the discount rates used by the Bank and the Fund to (a) calculate the present value (PV) of the external debt of low-income countries (LICs) in debt sustainability analyses (DSAs) and (b) to calculate the grant element of individual loans. Consistent with the conclusions of the March 2013 review of the Fund’s debt limits policy, the paper proposes a single uniform discount rate to be used for these related operational purposes. It has been prepared as a joint product of Bank and Fund staff, with the exception of the decision, which is Fund-specific.