Workshop on the Debt Sustainability Framework for Low Income Countries (LIC DSF) held in Shanghai
The World Bank-IMF Joint Debt Sustainability Framework for Low Income Countries (LIC DSF), co-organized by The World Bank and the Asia-Pacific Finance and Development Center (AFDC) was held at Shanghai National Accounting Institute in Shanghai, China from November 4–7.
Dr. Peng Runzhong, Director of AFDC, and William Battaile, Senior Economist, Macroeconomics and Fiscal Management Global Practice, World Bank delivered opening remarks for the workshop. Over 20 participants from low income countries in the Asia and Pacific region such as Vietnam, Timor-Leste, Vanuatu, Papua New Guinea, Maldives, Solomon Islands, Micronesia and Cambodia attended the workshop.
The LIC DSF was developed by the Bank and Fund in 2005 to help guide countries and donors in mobilizing the financing of low income countries’ development needs, while reducing the chances of an excessive build-up of debt in the future. The impact of fiscal responses to the global crisis has added to the importance of debt sustainability for many countries. This workshop presented the LIC DSF analytical framework widely used to inform policy dialogue on fiscal and debt issues in low income countries and to allocate resources in several international organizations.
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