The Economic Policy and Debt Department (PRMED) is the unit within the World Bank's Poverty Reduction and Economic Management (PREM) Network responsible for the Bank's work on economic policy and financing for growth including growth analytics, national and sub-national fiscal policy, strategic debt issues, debt management, and related knowledge dissemination. PRMED also supports the Heavily Indebted Poor Countries (HIPC) Initiative implementation and crafts the Bank's position in the global debate on debt issues.

PRMED pilots country growth studies and works in collaboration with Country Economists to incorporate growth strategies in Country Assistance Strategies (CASs), Country Economic Memorandums (CEMs), and lending products....more

• Country Growth Studies
• Export Diversification and Sustainable Growth
• Growth in Emerging Markets
• Small States

Fiscal sustainability is a good starting point for the discussion of growth-oriented fiscal policy because unsustainable public finances inevitably lead to crises....more

• Fiscal Policy and Growth
• Fiscal Sustainability
• Sub-national Finance

This joint World Bank-IMF framework aims to support Low-Income Countries’ (LICs) efforts to achieve their development goals without creating future debt problems...more

• Debt Sustainability Framework for Low-Income Countries (DSF)
• Sovereign Debt and Development in Market Access Countries (MACs)

Debt relief work relates to the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, the Multilateral Debt Relief Initiative (MDRI), and the administration of the Debt Reduction Facility (DRF) for IDA-only countries....more

• Debt Relief At-A-Glance
• Debt Reduction Facility (DRF) for IDA-Only Countries
• Heavily Indebted Poor Countries (HIPC) Initiative
• Multilateral Debt Relief Initiative (MDRI)

The debt management work program includes two components: the Debt Management Performance Assessment (DeMPA) tool and technical assistance in designing and implementing Medium-Term Debt Management Strategies (MTDS) ....more

• Debt Management Performance Assessment (DeMPA)
• Medium-Term Debt Management Strategies (MTDS)

Dissemination of knowledge on economic policies and financing for growth is a critical part of PRMED’s work program activities....more

• Knowledge and Learning
• Conferences and Events
• Contact Information