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Debt crisis prevention
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-to-health 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. The IMF and the World Bank provide a range of public debt management technical assistance and training to over 50 developing countries during the past year, with the help of generous financial support of several bilateral donors. The training cover primarily the areas of developing a medium-term debt management strategy (MTDS) and conducting debt sustainability analysis, the latter mainly through the joint IMF/World Bank debt sustainability framework (DSF).[…]