The Gambia - Joint World Bank-IMF Debt Sustainability Analysis
An updated DSA indicates that The Gambia is in external debt distress, though its public debt is deemed sustainable on a forward-looking basis. The external debt service-to-exports and -to-revenue ratios breach their indicative thresholds by large...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/399581570769820963/Gambia-The-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-May-2019 http://hdl.handle.net/10986/32561 |
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okr-10986-325612021-05-25T09:28:35Z The Gambia - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN DEBT RELIEF CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION An updated DSA indicates that The Gambia is in external debt distress, though its public debt is deemed sustainable on a forward-looking basis. The external debt service-to-exports and -to-revenue ratios breach their indicative thresholds by large margins in the near term and signal major liquidity pressures. However, once these pressures are addressed by the prospective debt relief and the authorities’ fiscal consolidation and state-owned enterprise (SOE) reform program, the PV of total public debt would be brought below its threshold over the medium term. On the upside, debt relief discussions with external creditors are progressing and could unlock additional budget support. Downside risks mainly relate to the political environment and fiscal discipline, the unravelling of which could destabilize the economy and worsen the outlook for public debt. 2019-10-17T18:12:13Z 2019-10-17T18:12:13Z 2019-05 Report http://documents.worldbank.org/curated/en/399581570769820963/Gambia-The-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-May-2019 http://hdl.handle.net/10986/32561 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 Gambia, The |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN DEBT RELIEF CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION |
| spellingShingle |
DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN DEBT RELIEF CONTINGENT LIABILITY EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION World Bank International Monetary Fund The Gambia - Joint World Bank-IMF Debt Sustainability Analysis |
| geographic_facet |
Africa Gambia, The |
| description |
An updated DSA indicates that The Gambia
is in external debt distress, though its public debt is
deemed sustainable on a forward-looking basis. The external
debt service-to-exports and -to-revenue ratios breach their
indicative thresholds by large margins in the near term and
signal major liquidity pressures. However, once these
pressures are addressed by the prospective debt relief and
the authorities’ fiscal consolidation and state-owned
enterprise (SOE) reform program, the PV of total public debt
would be brought below its threshold over the medium term.
On the upside, debt relief discussions with external
creditors are progressing and could unlock additional budget
support. Downside risks mainly relate to the political
environment and fiscal discipline, the unravelling of which
could destabilize the economy and worsen the outlook for
public debt. |
| format |
Report |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
The Gambia - Joint World Bank-IMF Debt Sustainability Analysis |
| title_short |
The Gambia - Joint World Bank-IMF Debt Sustainability Analysis |
| title_full |
The Gambia - Joint World Bank-IMF Debt Sustainability Analysis |
| title_fullStr |
The Gambia - Joint World Bank-IMF Debt Sustainability Analysis |
| title_full_unstemmed |
The Gambia - Joint World Bank-IMF Debt Sustainability Analysis |
| title_sort |
gambia - joint world bank-imf debt sustainability analysis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/399581570769820963/Gambia-The-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-May-2019 http://hdl.handle.net/10986/32561 |
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