Publication

This paper proposes the creation of a “Stability and Social Investment Facility” (SSF) to be housed either at the IMF or the World Bank that would help high-debt emerging market countries cope with long-term debt problems and chronic structural weakness. According to the author, the SSF would be an instrument providing a steady and predictable source of long-term funds as well as a strong policy signal to help high-debt, emerging-market economies reduce their debt burden without having to forgo vital pro-poor social expenditures and growth programs.