Amid rising debt and uncertainty, how can transparency in Debt Sustainability Analyses by the IMF and World Bank drive more trust and better policies?
Author: Gail Hurely, Senior Development Finance Expert
A new study by Gail Hurley examines the transparency of DSAs across three key pillars: public disclosure, data and methodology openness, and engagement processes. Despite recent improvements, Hurley finds that qualitative aspects of transparency are lacking, with differences in disclosure regimes for low-income and market-access countries and limited access to information during debt distress. The paper emphasizes the importance of improved DSA transparency for driving progress, building trust, and informing better policies. It offers recommendations for enhancing transparency and calls for wider efforts across the borrowing cycle, including the production of DSAs by independent entities to alleviate concerns about impartiality.
Hurley, Gail
Gail Hurley ; Issuing department: Division for International Cooperation, Global and European Policy. - Bonn : Friedrich-Ebert-Stiftung e.V., May 2024. - 35 Seiten = 1 MB, PDF-File. - (Debt sustainability assessments & their role in the global financial architecture). - (Economy and finance)Electronic ed.: Bonn : FES, 2024
Download publication (1 MB, PDF-File)
At the FfD4 PrepCom, we co-hosted a side event on how Debt Sustainability Assessments (DSAs) fit to today's global & development challenges.
Debt Sustainability Analyses (DSAs) need to be more compatible with countries’ national plans to reach the SDGs & climate goals.
In an era of high debts and more shocks, should debt sustainability analyses by the IMF and World Bank change to adapt?
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