... IMPLICATIONS Paper submitted for the G-24 Technical Group Meeting (Washington, D.C. September 2 7- 2 8 2004) Part 7 Nihal Kappagoda, Research Associate, The North-South Institute Nancy C. Alexander, ... much debate about the implications of the system for the policy autonomy of borrowers - particularly low-income borrowers. Instead of addressing such fundamental issues, donors and creditors ... assessed by estimating non-debt indicators. Countries that have not liberalized their capital accounts - which is probably the case for most low income countries - should estimate the ratios...