Rwanda- Joint World Bank-IMF Debt Sustainability Analysis

An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service indicators...

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Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
Online Access:	http://documents.worldbank.org/curated/en/579281570639759755/Rwanda-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32565

id	okr-10986-32565
recordtype	oai_dc
spelling	okr-10986-325652021-05-25T09:28:29Z Rwanda- Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service indicators in 2023, when the Eurobond issued in 2013 matures. The main risk to debt sustainability––and macroeconomic stability––remains external shocks. Balancing Rwanda's still-strong public investment needs with maintaining low risks of debt distress, the government is focused on carefully choosing the highest return projects, financed under the most favorable terms. These principles are laid out in Rwanda's Medium-Term Debt Strategy, as are options for help mitigating potential risks. More broadly, the government is focused on creating a larger and more diversified export base while encouraging more private investment, to help secure high and resilient growth over the long term. Forthcoming results of fiscal risk analysis will help identify if there could be additional contingent liabilities that should be included in the next DSA. 2019-10-17T18:59:31Z 2019-10-17T18:59:31Z 2019-07 Report http://documents.worldbank.org/curated/en/579281570639759755/Rwanda-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32565 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 Rwanda
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
spellingShingle	DEBT DISTRESS PUBLIC SECTOR DEBT DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION World Bank International Monetary Fund Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Africa Rwanda
description	An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service indicators in 2023, when the Eurobond issued in 2013 matures. The main risk to debt sustainability––and macroeconomic stability––remains external shocks. Balancing Rwanda's still-strong public investment needs with maintaining low risks of debt distress, the government is focused on carefully choosing the highest return projects, financed under the most favorable terms. These principles are laid out in Rwanda's Medium-Term Debt Strategy, as are options for help mitigating potential risks. More broadly, the government is focused on creating a larger and more diversified export base while encouraging more private investment, to help secure high and resilient growth over the long term. Forthcoming results of fiscal risk analysis will help identify if there could be additional contingent liabilities that should be included in the next DSA.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
title_short	Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
title_full	Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
title_sort	rwanda- joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/579281570639759755/Rwanda-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32565
_version_	1764476807085555712

Rwanda- Joint World Bank-IMF Debt Sustainability Analysis

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