Madagascar's risk of external debt distress is assessed to be moderate, in line with the last debt sustainability analysis (DSA) of June 2017, since the dynamics of Madagascar's external public and publicly-guaranteed (PPG) debt remain sustainable under the baseline. The public DSA shows total...

Cameroon's risk of external debt distress remains high. Fiscal consolidation and the Fund-supported envisaged reforms, coupled with the increasing share of concessional new borrowing, would improve the debt profile over time. However, at present, Cameroon's external debt remains highly...

This report provides a Debt Sustainability Analysis (LIC-DSA) of Grenada's public and publicly guaranteed (PPG) external and total debt for 2018. The macro-framework incorporates all previous debt restructurings, including the November 2017 haircut on commercial debt. Total public debt has...

An updated debt sustainability analysis (DSA) indicates that The Gambia is currently in external debt distress and that public debt is unsustainable. Both external and domestic debt are very high, and a significant pipeline of already-contracted loans poses risks to solvency. External debt stock...

The debt sustainability analysis (DSA) shows some improvement relative to the previous review mainly due to better-than-expected outcomes in year 2017 and the revised profile of PPP operations. Staff still assess the risk of debt distress as moderate. Continued strengthening of institutions...

Liberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff's interpretation of the authorities' stated plans, Liberia will remain at moderate risk of debt...

Togo's risk of external debt distress continues to be moderate with heightened overall risk of debt distress-unchanged from the previous Debt Sustainability Analysis (DSA) published in April 2017. Alternative scenarios and stress tests suggest, however, that external public debt could accumulate...