Using the joint International Development Association (IDA) - International Monetary Fund (IMF) debt sustainability framework for low income countries, the debt sustainability analysis (DSA) assesses Madagascars risk of external debt distress to be low. The public DSA suggests that Madagascars total public and publically guaranteed (PPG) debt dynamics are sustainable, although weak fiscal revenue generation is a source of vulnerability. This DSA has been prepared jointly by IMF and World Bank staff. It is based on the framework for low-income countries approved by the respective Executive Boards. The framework takes into account indicative thresholds for debt burden indicators determined by the quality of the countrys policies and institutions. The assessment comprises a baseline scenario and a set of alternative scenarios.
Details
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Document Date
2014/06/03
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Document Type
Board Report
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Report Number
89106
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2016/07/05
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Disclosure Status
Disclosed
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Doc Name
Madagascar - Joint bank-fund debt sustainability analysis : 2014 update
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Keywords
standard deviation;balance of payment statistic;real exchange rate depreciation;grace and maturity period;external debt sustainability;Public and Publicly Guaranteed;gdp deflator;public sector debt;public sector loans;private external debt;current account deficit;primary balance;nominal interest rate;Effective interest rate;exchange rate change;real interest rate;declining fiscal revenue;macroeconomic and fiscal;policy and institution;public sector borrowing;higher interest payments;private sector debt;external debt indicator;public domestic debt;initial capital investment;total external debt;risk of debt;debt sustainability analysis;debt sustainability framework;export value;dollar term;real gdp;nominal depreciation;
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Citation
Madagascar - Joint bank-fund debt sustainability analysis : 2014 update (English). Debt Sustainability Analysis (DSA) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/515121467812778333/Madagascar-Joint-bank-fund-debt-sustainability-analysis-2014-update