1. Explain what is meant by debt sustainability and what indicators you would look at to assess the sustainability of public sector debt. Provide an assessment of public sector debt sustainability of the country of your choice. Explain why certain countries (such as Japan) are able to sustain high public debt for long periods and why others are not.
Answer either Question 2 — Minimum 500 characters, Maximum 2500 characters per answer.
2. What should the multilateral development banks (e.g., the World Bank) consider as they allocate resources? How can they better help developing countries achieve development gains?