... of debt to include in debt stock and debt service payments i.e. the numerator in the debt ratios; the way to measure debt burden; judgment of payment capacity, i.e. the denominator in the debt ... in HIPC Debt Relief: Myths and Reality, FONDAD, The Hague, 2004. guaranteed debt may only provide a partial assessment of a country’s debt sustainability. 14. When assessing debt sustainability, ... and after to strengthen its application to individual countries. Debt Sustainability and Debt Indicators 8. Debt sustainability refers to a country’s ability to service its borrowing,...