国际货币基金组织：编制年度借款计划（英文版）

An Annual Borrowing Plan (ABP) guides the short-term execution of a debt management strategy, which typically spans 3–5 years. Emerging market and low-income countries have improved their ability to develop debt management strategy (DMS), they face ongoing implementation challenges. An ABP requires high-frequency data and detailed planning, considering factors like gross financing needs (GFN), seasonal revenue and expenditure patterns, and debt service obligations. Beyond supporting DMS imple