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World Bank, International Monetary Fund. Strategy, Policy, &, and Review Department
Amid 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 long-term 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 of the MPA by itself may not be sufficient to address debt vulnerabilities and risks from global economic shocks.
World Bank, International Monetary Fund. Strategy, Policy, &, and Review Department

public debt reported by borrowers through their databases to a broader audience . Both institutions have policies in place governing the disclosure of debt data reported to them: IMF debt data provision requirements. The IMF’s Articles of Agreement establish an obligation for every IMF member to provide a minimum set of data to the Fund for its activities, as set forth in Article VIII, Section 5 (supplemented in 2004 by a decision of the IMF Executive Board). This is a narrow set of debt data: stocks of gross national external debt, and central government and