The evaluation will assess the quality and effectiveness of IMF engagement, including the timely identification of debt vulnerabilities, the provision of advice, and the role of the LIC DSF in evaluating risks to debt sustainability and how it was used to inform fiscal advice more broadly. It will examine the implications of debt sustainability assessments for LICs’ access to Fund resources, as well as issues related to debt transparency and public debt management. The evaluation will also review the Fund’s effectiveness in supporting recent debt relief initiatives and multilateral debt restructuring efforts for low-income borrowers, its catalytic role, and the success of the Fund’s collaboration with the World Bank on debt-related matters.