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...

Full description

Bibliographic Details
Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY DEBT DISTRESS PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION EXTERNAL DEBT
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

id	okr-10986-32562
recordtype	oai_dc
spelling	okr-10986-325622021-05-25T09:28:31Z Niger - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY DEBT DISTRESS PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION EXTERNAL DEBT 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. 2019-10-17T18:16:38Z 2019-10-17T18:16:38Z 2019-07 Report http://documents.worldbank.org/curated/en/935471570641060517/Niger-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32562 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 Niger
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY DEBT DISTRESS PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION EXTERNAL DEBT
spellingShingle	PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY DEBT DISTRESS PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION EXTERNAL DEBT World Bank International Monetary Fund Niger - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Africa Niger
description	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.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Niger - Joint World Bank-IMF Debt Sustainability Analysis
title_short	Niger - Joint World Bank-IMF Debt Sustainability Analysis
title_full	Niger - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Niger - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Niger - Joint World Bank-IMF Debt Sustainability Analysis
title_sort	niger - joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/935471570641060517/Niger-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32562
_version_	1764476800942997504

Niger - Joint World Bank-IMF Debt Sustainability Analysis

Similar Items