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World Bank, IMF back debt framework changes for poor countries
WASHINGTON: The World Bank and International Monetary Fund said on Monday that both their executive boards had approved proposed reforms of their joint framework for evaluating the debt of low-income countries to reflect a more complex and riskier environment. A joint review, the first since 2017, recommended changes in several areas, including better analysis of domestic debt and broadening the analysis of long-term development challenges, including climate change. The reforms will work to improve the analysis of risks to debt sustainability by refining how countries’ debt-carrying capacity i...
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