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External Debt Limits (IMF)

Paper from IMF about Guidance Note on Debt Limits in Fund-Supported Programs approved in August, 2009. The new framework moves away from a single design for debt limits (or, to use the usual terminology, concessionality requirements) towards a more flexible approach. Full text in: http://www.imf.org/external/np/pp/eng/2009/121809.pdf

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