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

Liberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff’s interpretation of the authorities’ stated plans,...

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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 DEBT BURDEN TERMS OF TRADE GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT PUBLIC DEBT MACROECONOMIC POLICY INTEREST RATE EXTERNAL SHOCK GUARANTEES DEBT SUSTAINABILITY
Online Access:	http://documents.worldbank.org/curated/en/382051539632241719/Liberia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30903

id	okr-10986-30903
recordtype	oai_dc
spelling	okr-10986-309032021-05-25T09:19:36Z Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update International Development Association International Monetary Fund PUBLIC SECTOR DEBT DEBT BURDEN TERMS OF TRADE GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT PUBLIC DEBT MACROECONOMIC POLICY INTEREST RATE EXTERNAL SHOCK GUARANTEES DEBT SUSTAINABILITY Liberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff’s interpretation of the authorities’ stated plans, Liberia will remain at moderate risk of debt distress but move closer to thresholds that mark a high probability of debt distress. Adverse risks to the baseline are also significant. Staff discussed an alternative reform scenario that would ease the risk of debt distress while achieving roughly the same level of spending. The reform scenario assumes that all external financing would be on concessional terms and the amount of additional borrowing would be strictly controlled and supplemented with domestic resource mobilization. Such steps would be beneficial not only to improve the safety margin for the preservation of debt and macroeconomic stability, but also to sustain broad-based growth over the forecast horizon. 2018-11-28T14:49:39Z 2018-11-28T14:49:39Z 2018-10-01 Report http://documents.worldbank.org/curated/en/382051539632241719/Liberia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30903 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Debt and Creditworthiness Study Africa Liberia
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 DEBT BURDEN TERMS OF TRADE GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT PUBLIC DEBT MACROECONOMIC POLICY INTEREST RATE EXTERNAL SHOCK GUARANTEES DEBT SUSTAINABILITY
spellingShingle	PUBLIC SECTOR DEBT DEBT BURDEN TERMS OF TRADE GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT PUBLIC DEBT MACROECONOMIC POLICY INTEREST RATE EXTERNAL SHOCK GUARANTEES DEBT SUSTAINABILITY International Development Association International Monetary Fund Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
geographic_facet	Africa Liberia
description	Liberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff’s interpretation of the authorities’ stated plans, Liberia will remain at moderate risk of debt distress but move closer to thresholds that mark a high probability of debt distress. Adverse risks to the baseline are also significant. Staff discussed an alternative reform scenario that would ease the risk of debt distress while achieving roughly the same level of spending. The reform scenario assumes that all external financing would be on concessional terms and the amount of additional borrowing would be strictly controlled and supplemented with domestic resource mobilization. Such steps would be beneficial not only to improve the safety margin for the preservation of debt and macroeconomic stability, but also to sustain broad-based growth over the forecast horizon.
format	Report
author	International Development Association International Monetary Fund
author_facet	International Development Association International Monetary Fund
author_sort	International Development Association
title	Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_short	Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full	Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_fullStr	Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full_unstemmed	Liberia : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_sort	liberia : joint bank-fund debt sustainability analysis, 2018 update
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/382051539632241719/Liberia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30903
_version_	1764473061292113920

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

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