Senegal - Joint World Bank-IMF Debt Sustainability Analysis

Senegal - Joint World Bank-IMF Debt Sustainability Analysis

Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios. The lo...

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Bibliographic Details
Main Authors: World Bank, International Monetary Fund
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
DEBT SERVICE BURDEN
DEBT DISTRESS
PUBLIC SECTOR DEBT
CONTINGENT LIABILITY
EXTERNAL DEBT
EUROBONDS
FISCAL POLICY
DEBT MANAGEMENT STRATEGY
SUSTAINABILITY ANALYSIS
RISK ASSESSMENT
PUBLIC AND PUBLICLY GUARANTEED DEBT
DEBT CAPACITY
Online Access:http://documents.worldbank.org/curated/en/942321570772157097/Senegal-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-January-2019
http://hdl.handle.net/10986/32554
id okr-10986-32554
recordtype oai_dc
spelling okr-10986-325542021-05-25T09:28:39Z Senegal - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT SERVICE BURDEN DEBT DISTRESS PUBLIC SECTOR DEBT CONTINGENT LIABILITY EXTERNAL DEBT EUROBONDS FISCAL POLICY DEBT MANAGEMENT STRATEGY SUSTAINABILITY ANALYSIS RISK ASSESSMENT PUBLIC AND PUBLICLY GUARANTEED DEBT DEBT CAPACITY Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios. The low risk of debt distress is predicated on: (i) ongoing debt liability management, guarantees to address currency risk, access to liquid financial assets and a sound track record of market access; and (ii) adherence to the planned fiscal consolidation path, an acceleration of reforms, and a prudent borrowing strategy. Looking ahead, it will be important to contain fiscal pressures from Treasury operations and address fiscal risks from the broader public sector, including the energy sector. 2019-10-17T17:32:40Z 2019-10-17T17:32:40Z 2019-01 Report http://documents.worldbank.org/curated/en/942321570772157097/Senegal-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-January-2019 http://hdl.handle.net/10986/32554 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 Senegal
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic DEBT SERVICE BURDEN
DEBT DISTRESS
PUBLIC SECTOR DEBT
CONTINGENT LIABILITY
EXTERNAL DEBT
EUROBONDS
FISCAL POLICY
DEBT MANAGEMENT STRATEGY
SUSTAINABILITY ANALYSIS
RISK ASSESSMENT
PUBLIC AND PUBLICLY GUARANTEED DEBT
DEBT CAPACITY
spellingShingle DEBT SERVICE BURDEN
DEBT DISTRESS
PUBLIC SECTOR DEBT
CONTINGENT LIABILITY
EXTERNAL DEBT
EUROBONDS
FISCAL POLICY
DEBT MANAGEMENT STRATEGY
SUSTAINABILITY ANALYSIS
RISK ASSESSMENT
PUBLIC AND PUBLICLY GUARANTEED DEBT
DEBT CAPACITY
World Bank
International Monetary Fund
Senegal - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet Africa
Senegal
description Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios. The low risk of debt distress is predicated on: (i) ongoing debt liability management, guarantees to address currency risk, access to liquid financial assets and a sound track record of market access; and (ii) adherence to the planned fiscal consolidation path, an acceleration of reforms, and a prudent borrowing strategy. Looking ahead, it will be important to contain fiscal pressures from Treasury operations and address fiscal risks from the broader public sector, including the energy sector.
format Report
author World Bank
International Monetary Fund
author_facet World Bank
International Monetary Fund
author_sort World Bank
title Senegal - Joint World Bank-IMF Debt Sustainability Analysis
title_short Senegal - Joint World Bank-IMF Debt Sustainability Analysis
title_full Senegal - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr Senegal - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed Senegal - Joint World Bank-IMF Debt Sustainability Analysis
title_sort senegal - joint world bank-imf debt sustainability analysis
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/942321570772157097/Senegal-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-January-2019
http://hdl.handle.net/10986/32554
_version_ 1764476783513567232

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