This topic guide is an introduction to the economics of Debt
Sustainability and Debt Management for development economists and
It outlines debt developments of recent decades such as the various
options for sovereign debt restructuring including the Heavily Indebted
Poor Countries (HIPC) Initiative and the Multilateral Debt Relief
Initiative (MDRI), and the introduction and subsequent revisions of the
World Bank-IMF Debt Sustainability Framework (DSF) used to assess a
country’s risk of debt distress.
Mustapha, S.; Prizzon, A. Debt Sustainability and Debt Management in Developing Countries. EPS PEAKS, UK (2015) 59 pp.