Debt crisis prevention (IMF)

The Addis Agenda reaffirms a commitment to supporting the maintenance of debt sustainability in those countries that have received debt relief and achieved sustainable debt levels. It invites the IMF and World Bank to strengthen the analytical tools for assessing debt sustainability in an open and inclusive process with the United Nations and other stakeholders. The Addis Agenda also welcomes government efforts to strengthen their capacity for prudent public debt management and encourages international institutions to continue to provide assistance to debtor countries in this regard. The Addis Agenda reaffirms that debtors and creditors must work together to prevent unsustainable debt situations. It also encourages the study of new financial instruments for developing countries, noting experiences of debt-tohealth and debt-to-nature swaps. Recalling the need to strengthen information-sharing and transparency in debt sustainability assessments, the Addis Agenda invites relevant institutions to consider the creation of a central data registry including information on debt restructurings.