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Benin remains at moderate risk of external debt distress. The rating is unchanged from the previous November 2018 DSA …. All the projected external debt burden indicators remain below their thresholds under the baseline, but the ratio of the … present value (PV) of external debt to exports exceeds its threshold in the case of an extreme shock to exports.1 With regard …
Persistent link: https://www.econbiz.de/10012646558
remains in external public debt distress. However, debt appears sustainable reflecting favorable projected debt dynamics from … substantial fiscal surpluses that are supported by the Fiscal Responsibility Law (FRL). Total public debt has declined from 108 … percent of GDP in 2013 to 63.5 percent of GDP in 2018, with external public debt amounting to 44.5 percent of GDP. This …
Persistent link: https://www.econbiz.de/10012646559
An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress …. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service … indicators in 2023, when the Eurobond issued in 2013 matures. The main risk to debt sustainability--and macroeconomic stability …
Persistent link: https://www.econbiz.de/10012646561
Togo's risk of external debt distress continues to be moderate, while the overall risk of debt distress is high …-unchanged from the previous Debt Sustainability Analysis (DSA) published in December 2018. While the mechanical results point to a … low risk of external debt distress, judgment was applied given vulnerabilities arising from high domestic debt, which …
Persistent link: https://www.econbiz.de/10012646562
The updated DSA suggests that the external risk of debt distress for Vanuatu remains moderate with limited space to … absorb shocks. All external debt indicators remain below the relevant indicative thresholds under the baseline scenario … publicly guaranteed (PPG) external debt-to-GDP ratio to breach the threshold from 2024 onwards. The overall risk of debt …
Persistent link: https://www.econbiz.de/10012646563
Niger's risk of external and overall public debt distress is rated "moderate" as in the previous DSA. While all … thresholds are observed in the baseline, the PV of PPG external debt-to-exports ratio breaches its threshold under stress test … scenarios. Debt-carrying capacity continues to be rated "medium." The analysis shows that Niger has limited space to accommodate …
Persistent link: https://www.econbiz.de/10012646564
Guinea is at moderate risk of external debt distress with some space to absorb shocks. All external debt burden … indicators under the baseline scenario lie below their policy-dependent thresholds. Stress tests suggest that debt … indicators breach their thresholds for prolonged periods. The overall risk of public debt distress is also assessed to be …
Persistent link: https://www.econbiz.de/10012646568
The risk of external and overall debt distress for Guyana remains moderate, but debt dynamics will improve … significantly with the start of oil production in 2020. All external debt indicators remain below the relevant indicative …, fiscal balance, and current account position. The PV of external debt-to-GDP is projected to decline to 3 percent over the …
Persistent link: https://www.econbiz.de/10012646569
The Debt Sustainability Analysis (DSA) indicates that Honduras stands at low risk of debt distress both for public … external debt and overall debt, which represents an upgrade from the 2018 DSA, where risk of debt distress was assessed as … moderate. The DSA was undertaken under the revised debt-sustainability framework for low income countries (LIC DSF), whereby …
Persistent link: https://www.econbiz.de/10012646570
Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains … at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios …. The low risk of debt distress is predicated on: (i) ongoing debt liability management, guarantees to address currency risk …
Persistent link: https://www.econbiz.de/10012646574