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

The results of the update of the Debt Sustainability Analysis (DSA) show that Guinea continues to be at a moderate risk of external debt distress. All external debt burden indicators under the baseline scenario lie below their policy-dependent thre...

Full description

Bibliographic Details
Main Authors:	International Development Association, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	DEBT SUSTAINABILITY EXTERNAL DEBT PUBLIC DEBT GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT INTEREST RATE EXTERNAL SHOCK TERMS OF TRADE MACROECONOMIC POLICY DEBT RELIEF
Online Access:	http://documents.worldbank.org/curated/en/698481539631229678/Guinea-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30907

id	okr-10986-30907
recordtype	oai_dc
spelling	okr-10986-309072021-05-25T09:19:38Z Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update International Development Association International Monetary Fund DEBT SUSTAINABILITY EXTERNAL DEBT PUBLIC DEBT GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT INTEREST RATE EXTERNAL SHOCK TERMS OF TRADE MACROECONOMIC POLICY DEBT RELIEF The results of the update of the Debt Sustainability Analysis (DSA) show that Guinea continues to be at a moderate risk of external debt distress. All external debt burden indicators under the baseline scenario lie below their policy-dependent thresholds and debt dynamics have improved compared to the 2017 DSA, given higher-than-anticipated growth during 2016–17. Stress tests suggest that debt vulnerabilities owing to accumulation of external debt related to financing of infrastructure projects will increase if adverse shocks materialize, though remaining more contained than in the 2017 DSA. Under most extreme stress tests, all solvency and liquidity indicators except one breach their thresholds and for prolonged periods. The inclusion of domestic debt does not significantly change the conclusion of the external DSA. A prudent external borrowing strategy aimed at maximizing the concessionality of new debt, limiting non-concessional loans in line with programmed amounts, and strengthening debt management will be key to preserving medium-term debt sustainability. 2018-11-28T15:24:32Z 2018-11-28T15:24:32Z 2018-10-01 Report http://documents.worldbank.org/curated/en/698481539631229678/Guinea-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30907 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 Guinea
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DEBT SUSTAINABILITY EXTERNAL DEBT PUBLIC DEBT GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT INTEREST RATE EXTERNAL SHOCK TERMS OF TRADE MACROECONOMIC POLICY DEBT RELIEF
spellingShingle	DEBT SUSTAINABILITY EXTERNAL DEBT PUBLIC DEBT GRACE AND MATURITY PERIOD CURRENT ACCOUNT DEFICIT INTEREST RATE EXTERNAL SHOCK TERMS OF TRADE MACROECONOMIC POLICY DEBT RELIEF International Development Association International Monetary Fund Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
geographic_facet	Africa Guinea
description	The results of the update of the Debt Sustainability Analysis (DSA) show that Guinea continues to be at a moderate risk of external debt distress. All external debt burden indicators under the baseline scenario lie below their policy-dependent thresholds and debt dynamics have improved compared to the 2017 DSA, given higher-than-anticipated growth during 2016–17. Stress tests suggest that debt vulnerabilities owing to accumulation of external debt related to financing of infrastructure projects will increase if adverse shocks materialize, though remaining more contained than in the 2017 DSA. Under most extreme stress tests, all solvency and liquidity indicators except one breach their thresholds and for prolonged periods. The inclusion of domestic debt does not significantly change the conclusion of the external DSA. A prudent external borrowing strategy aimed at maximizing the concessionality of new debt, limiting non-concessional loans in line with programmed amounts, and strengthening debt management will be key to preserving medium-term debt sustainability.
format	Report
author	International Development Association International Monetary Fund
author_facet	International Development Association International Monetary Fund
author_sort	International Development Association
title	Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_short	Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full	Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_fullStr	Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_full_unstemmed	Guinea : Joint Bank-Fund Debt Sustainability Analysis, 2018 Update
title_sort	guinea : joint bank-fund debt sustainability analysis, 2018 update
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/698481539631229678/Guinea-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30907
_version_	1764473068074303488

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

Similar Items