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Liberia - Joint World Bank-IMF Debt Sustainability Analysis
World Bank Group - 2019
The Debt Sustainability Analysis (DSA) suggests that Liberia remains at moderate risk of debt distress with limited … U.S. dollars from the Central Bank of Liberia (CBL) to close the financing gap in FY2018. Such new borrowing, as well as … (SOE) guaranteed debt is also incorporated. Liberia will edge closer to high risk of debt distress with a small change in …
Persistent link: https://www.econbiz.de/10012646586
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Can this time be different? : policy options in times of rising debt
Kose, M. Ayhan; Nagle, Peter; Ohnsorge, Franziska; … - 2020
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012230790
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Debt and financial crises
Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012228314
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A framework to assess debt sustainability and fiscal risks under the Belt and Road Initiative
Bandiera, Luca; Tsiropoulos, Vasileios - 2019
This paper provides a framework to assess the impact of infrastructure investment expected under the Belt and Road Initiative (BRI) on the debt vulnerabilities of countries that are located on BRI transport and connectivity corridors in the absence of comprehensive and consistent information on...
Persistent link: https://www.econbiz.de/10012051935
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Borrow with sorrow? : the changing risk profile of Sub-Saharan Africa’s debt
Calderón, César A.; Zeufack, Albert G. - 2020
In the post-global financial crisis period, the financing of countercyclical policies led not only to a reduction in the fiscal surpluses across Sub-Saharan African countries, but also an increase in their levels of indebtedness. Although public debt for the region in 2018 was still below that...
Persistent link: https://www.econbiz.de/10012228708
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Benefits and costs of debt : the dose makes the poison
Kose, M. Ayhan; Ohnsorge, Franziska; Sugawara, Naotaka - 2020
Government debt has risen substantially in emerging market and developing economies (EMDEs) since the global financial crisis. The current environment of low global interest rates and weak growth may appear to mitigate concerns about elevated debt levels. Considering currently subdued...
Persistent link: https://www.econbiz.de/10012229772
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Debt in low-income countries : evolution, implications, and remedies
Vijil, Mariana; Wagner, Laurent; Woldemichael, Martha … - 2019
Debt vulnerabilities in low-income countries have increased substantially in recent years. Since 2013, median government debt has risen by about 20 percentage points of gross domestic product and increasingly comes from non-concessional and private sources. As a result, in most low-income...
Persistent link: https://www.econbiz.de/10012008299
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Preferred and non-preferred creditors
Cordella, Tito; Powell, Andrew - 2019
International financial institutions (IFIs) generally enjoy preferred creditors treatment (PCT). Although PCT rarely appears in legal contracts, when sovereigns restructure bilateral or commercial debts they normally pay IFIs in full. This paper presents a model where a creditor, such as an IFI,...
Persistent link: https://www.econbiz.de/10012113677
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Benin - Joint World Bank-IMF Debt Sustainability Analysis
World Bank Group - 2019
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...
Persistent link: https://www.econbiz.de/10012646558
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Grenada - Joint World Bank-IMF Debt Sustainability Analysis
World Bank Group - 2019
With some 19 million US Dollars (1.6 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada remains in external public debt distress. However, debt appears sustainable reflecting favorable projected debt dynamics from substantial fiscal surpluses that are supported by the...
Persistent link: https://www.econbiz.de/10012646559