Niger - Joint World Bank-IMF Debt Sustainability Analysis
Niger's risk of external and overall public debt distress is rated "moderate" as in the previous DSA. While all thresholds are observed in the baseline, the PV of PPG external debt-to-exports ratio breaches its threshold under stress...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/935471570641060517/Niger-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32562 |
| Summary: | Niger's risk of external and
overall public debt distress is rated "moderate"
as in the previous DSA. While all thresholds are observed in
the baseline, the PV of PPG external debt-to-exports ratio
breaches its threshold under stress test scenarios.
Debt-carrying capacity continues to be rated
"medium." The analysis shows that Niger has
limited space to accommodate negative shocks and remains
vulnerable to adverse developments of its exports. The DSA
is predicated on the government continuing to implement its
reform program: fiscal consolidation; structural reforms,
including revenue mobilization efforts; contain expenditures
and improve spending quality; and timely completion of
several large-scale projects, in particular the construction
of a pipeline for crude oil exports. Identified weaknesses
call for further strengthening of debt management, including
by broadening the coverage of public debt, prioritizing
concessional borrowing, and strengthening private-sector
development to support economic diversification and mitigate
the risks associated with commodity price fluctuations. |
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