Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
This joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2018 Article IV consultation and first review of the three-year program supported by the IMF’s Extended Credit Facility (ECF). It is based on end-2...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/304711549919036977/Burkina-Faso-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31300 |
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okr-10986-313002021-05-25T09:21:40Z Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update World Bank International Monetary Fund PUBLIC DEBT EXTERNAL DEBT DEBT CAPACITY DEBT DISTRESS PRICE SHOCK This joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2018 Article IV consultation and first review of the three-year program supported by the IMF’s Extended Credit Facility (ECF). It is based on end-2017 debt data and the latest methodology underpinning the LIC DSF, which triggered an improvement in debt indicator thresholds. External risk of debt distress in Burkina Faso remains moderate. All external debt indicators remain below the relevant indicative thresholds under the baseline scenario. In line with the Staff Report, the baseline scenario is anchored on an overall fiscal deficit of 3 percent of GDP from 2019. In a customized scenario meant to illustrate fiscal and external risks, two thresholds are breached. The overall public debt does not breach the relevant benchmark in the baseline and Burkina Faso is assessed as having a moderate risk of public debt distress, as the external debt risk rating is moderate. Burkina Faso would need to: (i) maintain a sound macro-fiscal framework; (ii) implement structural reforms to diversify its export base; and (iii) limit non-concessional borrowing to prevent a deterioration of its debt sustainability outlook. 2019-02-15T20:40:03Z 2019-02-15T20:40:03Z 2019-02-07 Report http://documents.worldbank.org/curated/en/304711549919036977/Burkina-Faso-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31300 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 Burkina Faso |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
PUBLIC DEBT EXTERNAL DEBT DEBT CAPACITY DEBT DISTRESS PRICE SHOCK |
| spellingShingle |
PUBLIC DEBT EXTERNAL DEBT DEBT CAPACITY DEBT DISTRESS PRICE SHOCK World Bank International Monetary Fund Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update |
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Africa Burkina Faso |
| description |
This joint World Bank/IMF Debt
Sustainability Analysis (DSA) has been prepared in the
context of the 2018 Article IV consultation and first review
of the three-year program supported by the IMF’s Extended
Credit Facility (ECF). It is based on end-2017 debt data and
the latest methodology underpinning the LIC DSF, which
triggered an improvement in debt indicator thresholds.
External risk of debt distress in Burkina Faso remains
moderate. All external debt indicators remain below the
relevant indicative thresholds under the baseline scenario.
In line with the Staff Report, the baseline scenario is
anchored on an overall fiscal deficit of 3 percent of GDP
from 2019. In a customized scenario meant to illustrate
fiscal and external risks, two thresholds are breached. The
overall public debt does not breach the relevant benchmark
in the baseline and Burkina Faso is assessed as having a
moderate risk of public debt distress, as the external debt
risk rating is moderate. Burkina Faso would need to: (i)
maintain a sound macro-fiscal framework; (ii) implement
structural reforms to diversify its export base; and (iii)
limit non-concessional borrowing to prevent a deterioration
of its debt sustainability outlook. |
| format |
Report |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update |
| title_short |
Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update |
| title_full |
Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update |
| title_fullStr |
Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update |
| title_full_unstemmed |
Burkina Faso : Joint Bank-Fund Debt Sustainability Analysis 2018 Update |
| title_sort |
burkina faso : joint bank-fund debt sustainability analysis 2018 update |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/304711549919036977/Burkina-Faso-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31300 |
| _version_ |
1764474010095058944 |