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Cote d~^!!^Ivoire - Joint World Bank-IMF Debt Sustainability Analysis (English)

Côte d’Ivoire remains at moderate risk of external debt distress. All the projected external debt burden indicators are below their thresholds under the baseline, but the debt service-to-revenue ratio exceeds its threshold in the case of a market financing shock. In addition, the debt service to-revenue ratio remains below but close to its threshold throughout the medium-term under the baseline scenario. The space to absorb shocks is therefore limited and has further shrunk with the advent of the Coronavirus (COVID-19) shock, reinforcing the urgent need to boost domestic revenue mobilization. The overall risk of public debt distress is also moderate, with public debt expected to gradually decrease over the projection horizon. The present value (PV) of public debt-to-gross domestic product (GDP) ratio remains below its prudent benchmark in both the baseline and shock scenarios.

Details

  • Document Date

    2020/12/01

  • Document Type

    Board Report

  • Report Number

    155365

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2020/12/22

  • Disclosure Status

    Disclosed

  • Doc Name

    Cote d~^!!^Ivoire - Joint World Bank-IMF Debt Sustainability Analysis

  • Keywords

    debt service; debt-creating flow; public debt; public sector debt; real gdp; Public and Publicly Guaranteed; financing need; commodity price; contingent liability; contingent liabilities; market financing; nominal interest rate; external current account deficit; real exchange rate depreciation; real interest rate; export ratio; grace period; debt sustainability analysis; debt management strategy; external debt sustainability; external debt indicator; domestic revenue mobilization; risk of debt; primary balance; external debt stock; global capital market; exchange rate change; exchange rate peg; exchange rate risk; primary deficit; baseline scenario; macroeconomic framework; external commercial borrowing; private investment rate; public sector borrowing; external debt burden; real growth rate; Effective interest rate; international capital market; emerging market economy; level of private; medium-term public expenditure; poverty reduction program; macroeconomic and fiscal; private external debt; commodity price shock; government fiscal account; source of funding; state-owned enterprise; private sector debt; change in arrears; exchange rate projections; total external debt; medium-term debt sustainability; external debt service; extra budgetary fund; social security fund; total public debt; debt relief; dollar term; natural disaster; total debt; domestic debt; commercial debt; international market; first year; fiscal adjustment; external borrowing; regional market; standard deviation; short-term debt; downside risk; guaranteed debt

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Citation

Cote d~^!!^Ivoire - Joint World Bank-IMF Debt Sustainability Analysis (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/752271609127447827/Cote-d-Ivoire-Joint-World-Bank-IMF-Debt-Sustainability-Analysis