Skip to main content

Linking Social Development with the Capacity to Carry Debt: Towards an MDG-Consistent Debt-Sustainability Concept

Buy Article:

$51.00 plus tax (Refund Policy)

Owing to concerns among low-income countries that the new debt sustainability framework of the Bretton Woods institutions may lock them into a so-called ‘low debt-low growth’ scenario, the United Nations has called for a more MDG-consistent debt-sustainability concept. This article shows that there is a robust relationship between achieving the Millennium Development Goals and having a higher capacity to carry debt. It then discusses options for modifying the current debt-sustainability framework, and suggests that including progress made in achieving the MDGs in determining borrowing limits would be a first step towards adopting such a concept.
No References
No Citations
No Supplementary Data
No Data/Media
No Metrics

Keywords: Debt sustainability; Millennium Development Goals; debt distress

Document Type: Research Article

Affiliations: 1: American University, Washington, DC, and the Bangladesh Development Research Center (BDRC), 2508 Fowler Street, Falls Church, VA 22046-2012 ( ), Email: president@bangladeshstudies.org 2: International Monetary Fund (IMF).

Publication date: 2009-05-01

  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more