Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update

Côte d’Ivoire has a moderate risk of external debt distress, with limited space to absorb shocks. All liquidity and solvency external debt indicators lie below their thresholds under the baseline scenario. However, the ratios of external debt service to revenue and exports are projected to rise, dim...

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Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT MACROECONOMIC OUTLOOK DEBT CAPACITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS SCENARIOS
Online Access:	http://documents.worldbank.org/curated/en/840731550769887881/Cote-dIvoire-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31317

id	okr-10986-31317
recordtype	oai_dc
spelling	okr-10986-313172021-05-25T09:21:47Z Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update World Bank International Monetary Fund PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT MACROECONOMIC OUTLOOK DEBT CAPACITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS SCENARIOS Côte d’Ivoire has a moderate risk of external debt distress, with limited space to absorb shocks. All liquidity and solvency external debt indicators lie below their thresholds under the baseline scenario. However, the ratios of external debt service to revenue and exports are projected to rise, diminishing room to maneuver, and an export shock would cause breaches of their relevant thresholds under the worst-case stress scenarios. This underscores the substantial downside risks originating from external shocks and the need to boost domestic revenue mobilization. The overall risk of public debt distress is also moderate, with public debt to GDP ratio expected to decrease gradually. A sustained compliance with the WAEMU fiscal deficit convergence criterion and a prudent external borrowing strategy balancing the costs and economic return of new loans will be crucial to preserve debt sustainability. 2019-02-25T16:10:34Z 2019-02-25T16:10:34Z 2019-02-15 Report http://documents.worldbank.org/curated/en/840731550769887881/Cote-dIvoire-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31317 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 Cote d'Ivoire
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT MACROECONOMIC OUTLOOK DEBT CAPACITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS SCENARIOS
spellingShingle	PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT MACROECONOMIC OUTLOOK DEBT CAPACITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS SCENARIOS World Bank International Monetary Fund Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
geographic_facet	Africa Cote d'Ivoire
description	Côte d’Ivoire has a moderate risk of external debt distress, with limited space to absorb shocks. All liquidity and solvency external debt indicators lie below their thresholds under the baseline scenario. However, the ratios of external debt service to revenue and exports are projected to rise, diminishing room to maneuver, and an export shock would cause breaches of their relevant thresholds under the worst-case stress scenarios. This underscores the substantial downside risks originating from external shocks and the need to boost domestic revenue mobilization. The overall risk of public debt distress is also moderate, with public debt to GDP ratio expected to decrease gradually. A sustained compliance with the WAEMU fiscal deficit convergence criterion and a prudent external borrowing strategy balancing the costs and economic return of new loans will be crucial to preserve debt sustainability.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
title_short	Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
title_full	Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
title_fullStr	Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
title_full_unstemmed	Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
title_sort	cote d'ivoire joint bank-fund debt sustainability analysis - 2018 update
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/840731550769887881/Cote-dIvoire-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31317
_version_	1764474049287684096

Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update

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