What is this? Sovereign credit notes modeled after Moody's and Fitch rating agency reports, using an IMF Debt Sustainability Analysis (DSA) framework. Each note covers ability to pay, willingness to pay, scenario analysis, and ESG considerations.
Framework:
- IMF-DSA Pillars: Debt/GDP trajectory, primary balance, reserves, spreads, current account
- Willingness-to-Pay: Governance (WGI), fiscal credibility, central bank independence, track record
- Scenario Analysis: Base / Downside / Upside rating triggers
- Peer Comparison: Comparable-rated sovereign peers
- ESG Considerations: Environmental, social, and governance factors