[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109984-en":3,"doc-seo-109984-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109984,1099514068365,"Aurelia","https://ap-avatar.wpscdn.com/avatar/10000253d8d9f28188e?_k=1776742907772140068",8,"Research & Report","UPDATE ON THE JOINT IMF-WB MULTIPRONGED APPROACH TO ADDRESS DEBT VULNERABILITIES - November 12, 2020","The IMF and World Bank present an update on their multipronged approach (MPA) to address debt vulnerabilities amid rising risks in low-income and emerging market economies. The briefing emphasizes how COVID-19 heightens urgency while stressing that countries’ limited capacities may constrain implementation and that global shocks can exceed the MPA’s scope. The MPA is organized around four reinforcing pillars: transparency, public debt management capacity development, analytical tools for risk monitoring, and lending policy adaptation to support timely, transparent debt crisis resolution.","Public Disclosure Authorized Public Disclosure Authorized  \nWORLD BANK GROUP  \nINTERNATIONAL MONETARY FUND  \nUPDATE ON THE JOINT IMF-WB MULTIPRONGED APPROACH TO ADDRESS  \nDEBT VULNERABILITIES  \nNOVEMBER 12, 2020  \nPrepared by the staffs ofthe World Bank Group and the International Monetary Fund*  \nApproved By  \nMarcello Estevão (WB) and Kristina Kostial and Miguel Savastano (IMF)  \n* Prepared by an IMF and WB team led by Mark Flanagan and Dalia Hakura (IMF) and Doerte Doemeland (WB), coordinated by Pilar Garcia-Martinez and Alexis Meyer-Cirkel (SPR) and Sebastian Essl (WB) in close collaboration with Charles Cohen (MCM) . The WB team consisted of Cigdem Aslan, Rodrigo Cabral, Jessie Nabulambo Kilembe, Lea Hakim (all MTI), Evis Rucaj and Nada Hamadeh (DEC), with inputs from David Duarte (IPG), Fily Sissoko (GOV) and Punam Chuhan-Pole (DFI). This paper has benefitted from extensive discussion with an interdepartmental working group comprised of Wolfgang Bergthaler (LEG), Antonio Garcia Pinto (ICD), Yasemin Hurcan (FAD), Andrew Ndeti Kitili (STA), and Giovanni Melina (RES) .  \nEXECUTIVE SUMMARY  \nAmid rising debt risks in low-income developing countries and emerging markets, the IMF and the WB have been implementing a multipronged approach (MPA) to address debt vulnerabilities. Amplification of debt risks owing to COVID-19 has upped the urgency to implement the MPA and highlights the importance of debt sustainability and transparency for longterm financing for development. At the same time, it should be noted that countries have limited capacities which are further stretched by COVID-19 and that implementation ofthe MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks.  \nThe MPA is organized around four mutually-reinforcing pillars. It seeks to (i) strengthen debt transparency by helping borrowing countries, and by reaching out to creditors, to make better public sector debt data available; (ii) support capacity development in public debt management toavert and mitigate debt vulnerabilities; (iii) provide suitable tools to analyze debt developmentsand risks; and (iv) explore adapting the IMF’s and World Bank’s lending policies to better address debt risks and promote efficient resolution of debt crises.  \nSince the MPA was first articulated to the Development Committee and the IMF and WB Boards in late 2018, important progress has been achieved notwithstanding rising debt vulnerabilities. This includes: (i) broader debt coverage in Low-Income Country Debt Sustainability Analyses (LIC DSAs) of 11 countries, enhanced debt transparency from increased reporting by borrowers to the international statistical databases, and wider publishing of debt data by the IMF and the World Bank; (ii) scaled-up debt recording and debt management capacity development activities for borrowers that have been supported by increased donor financing; (iii) expanded creditor outreach, in particular with the G20; (iv) the near completion of the revision of debt sustainability analysis frameworks; and (v) the near completion of a full redesign of the IMF and WB policies in relation to responsible borrowing and lending.  \nLooking forward, the MPA aims to make further progress in each of these areas while adjusting to a post-COVID world.  \n• Efforts to enhance debt transparency will focus on greater reporting by borrowers and creditors, improving reporting to and data dissemination by IFI databases, and providing analytical guidance to both borrowers and creditors. Clearer guidance will be provided on when and how to seek debt data in IMF-supported programs. The forthcoming review of the Data Provision for Fund Surveillance will consider what data the Fund requires for the exercise of its functions, including debt-related data. The WB’s Sustainable Development Financing Policy will include performance and policy actions on enhancing debt reporting;  \n• Capacity development will be scaled-up and reallocated t","cbCaie3J6GZlymj8","https://ap.wps.com/l/cbCaie3J6GZlymj8","pdf",897460,2,1,49,"English","en",105,"# Introduction\n# Enhancing Debt Transparency\n# Capacity Development\n## Strengthening debt transparency\n## Supporting capacity development in public debt management\n# Debt Analysis Tools and Lending Policy Adaptation","[{\"question\":\"What problem does the joint IMF-WB multipronged approach target?\",\"answer\":\"It targets debt vulnerabilities that are increasing in low-income developing countries and emerging markets, with COVID-19 making risks and urgency higher.\"},{\"question\":\"What are the four pillars of the MPA?\",\"answer\":\"The MPA focuses on strengthening debt transparency, building capacity for public debt management, providing debt analysis tools to assess risks, and adapting IMF and World Bank lending policies to improve resolution of debt crises.\"},{\"question\":\"What progress has been achieved since the MPA was first articulated?\",\"answer\":\"Progress includes broader debt coverage in LIC DSAs, improved borrower reporting and wider publishing of debt data, scaled-up debt recording and capacity development supported by donor financing, expanded creditor outreach with the G20, and near completion of revisions to debt sustainability analysis frameworks and policy redesign for responsible borrowing and lending.\"}]","UPDATE ON THE JOINT IMF-WB MULTIPRONGED APPROACH TO ADDRESS DEBT VULNERABILITIES - November 12, 2020 | PDF",1784483337,123,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"update-on-the-joint-imf-wb-multipronged-approach-to-address-debt-vulnerabilities-november-12-2020","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,48,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":20},"https://docshare.wps.com/document/","Document",{"item":49,"name":12,"@type":44,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/update-on-the-joint-imf-wb-multipronged-approach-to-address-debt-vulnerabilities-november-12-2020/109984/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What problem does the joint IMF-WB multipronged approach target?","Question",{"text":76,"@type":77},"It targets debt vulnerabilities that are increasing in low-income developing countries and emerging markets, with COVID-19 making risks and urgency higher.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What are the four pillars of the MPA?",{"text":81,"@type":77},"The MPA focuses on strengthening debt transparency, building capacity for public debt management, providing debt analysis tools to assess risks, and adapting IMF and World Bank lending policies to improve resolution of debt crises.",{"name":83,"@type":74,"acceptedAnswer":84},"What progress has been achieved since the MPA was first articulated?",{"text":85,"@type":77},"Progress includes broader debt coverage in LIC DSAs, improved borrower reporting and wider publishing of debt data, scaled-up debt recording and capacity development supported by donor financing, expanded creditor outreach with the G20, and near completion of revisions to debt sustainability analysis frameworks and policy redesign for responsible borrowing and lending.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]