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Strategy

Debt and investment

Use debt and finance for investment only when sustainability and headroom are clear; recurring costs require durable funding.

The proposal

Separate recurrent and capital expenditure; add no debt without a debt-sustainability assessment and available headroom or a substitution map.

How to read it

Sources identify relevant rights, methods, findings or precedents. They do not automatically establish the full World4Humans formulation. Where the project makes its own choice, that choice remains open to criticism and revision.

Sources and literature

Authority
World4Humans proposal informed by external precedents.
Relationship
Established standards, methods or components exist; the wider World4Humans formulation is not established by them alone.

Cited publications

  • Heller, 2005

    Heller, Peter S. (2005), “Understanding Fiscal Space,” IMF Policy Discussion Paper 05/4. Full file: official IMF PDF; DOI 10.5089/9781451975635.003. https://www.imf.org/en/publications/imf-policy-discussion-papers/issues/2016/12/31/understanding-fiscal-space-18065

See verified sources

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