Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

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,...

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Main Authors:	International Development Association, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	PUBLIC SECTOR DEBT PUBLIC DEBT EXTERNAL DEBT DEBT SUSTAINABILITY GRACE AND MATURITY PERIOD GOVERNMENT GUARANTEE DEBT MANAGEMENT
Online Access:	http://documents.worldbank.org/curated/en/224271537348088801/Cameroon-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30525

id	okr-10986-30525
recordtype	oai_dc
spelling	okr-10986-305252021-09-16T11:44:57Z Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update International Development Association International Monetary Fund PUBLIC SECTOR DEBT PUBLIC DEBT EXTERNAL DEBT DEBT SUSTAINABILITY GRACE AND MATURITY PERIOD GOVERNMENT GUARANTEE DEBT MANAGEMENT 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 vulnerable to exogenous shocks: the policy-dependent threshold for the present value of debt to exports and debt service to exports are breached in the baseline program scenario as well as under standard stress tests. Mitigating risks to public debt thus requires a number of policy actions including: (i) a resolute and effective fiscal consolidation; (ii) a shift in the composition of new borrowing towards concessional loans; (iii) enhanced controls on externally-financed investment projects at all levels of government; (iv) implementation of policies to boost growth and non-oil exports; and (iv) a strengthening of public debt management. 2018-10-07T04:20:38Z 2018-10-07T04:20:38Z 2018-06-22 Report http://documents.worldbank.org/curated/en/224271537348088801/Cameroon-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30525 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Debt and Creditworthiness Study Economic & Sector Work Africa Cameroon
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PUBLIC SECTOR DEBT PUBLIC DEBT EXTERNAL DEBT DEBT SUSTAINABILITY GRACE AND MATURITY PERIOD GOVERNMENT GUARANTEE DEBT MANAGEMENT
spellingShingle	PUBLIC SECTOR DEBT PUBLIC DEBT EXTERNAL DEBT DEBT SUSTAINABILITY GRACE AND MATURITY PERIOD GOVERNMENT GUARANTEE DEBT MANAGEMENT International Development Association International Monetary Fund Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
geographic_facet	Africa Cameroon
description	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 vulnerable to exogenous shocks: the policy-dependent threshold for the present value of debt to exports and debt service to exports are breached in the baseline program scenario as well as under standard stress tests. Mitigating risks to public debt thus requires a number of policy actions including: (i) a resolute and effective fiscal consolidation; (ii) a shift in the composition of new borrowing towards concessional loans; (iii) enhanced controls on externally-financed investment projects at all levels of government; (iv) implementation of policies to boost growth and non-oil exports; and (iv) a strengthening of public debt management.
format	Report
author	International Development Association International Monetary Fund
author_facet	International Development Association International Monetary Fund
author_sort	International Development Association
title	Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_short	Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full	Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_fullStr	Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full_unstemmed	Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_sort	cameroon : joint bank-fund debt sustainability analysis, 2018 update
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/224271537348088801/Cameroon-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30525
_version_	1764472252470919168

Cameroon : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

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