Liberia - Joint World Bank-IMF Debt Sustainability Analysis

The Debt Sustainability Analysis (DSA) suggests that Liberia remains at moderate risk of debt distress with limited space to accommodate shocks. The country’s debt carrying capacity remains medium, but the rating has declined from 3.1 to 2.77. The...

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Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC SECTOR DEBT EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC MANAGEMENT
Online Access:	http://documents.worldbank.org/curated/en/277671570833880795/Liberia-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-June-2019 http://hdl.handle.net/10986/32570

id	okr-10986-32570
recordtype	oai_dc
spelling	okr-10986-325702021-05-25T09:28:49Z Liberia - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC SECTOR DEBT EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC MANAGEMENT The Debt Sustainability Analysis (DSA) suggests that Liberia remains at moderate risk of debt distress with limited space to accommodate shocks. The country’s debt carrying capacity remains medium, but the rating has declined from 3.1 to 2.77. The authorities have pursued non-concessional loans, but none has been disbursed yet. The government has instead borrowed U.S. dollars from the Central Bank of Liberia (CBL) to close the financing gap in FY2018. Such new borrowing, as well as the legacy U.S. dollar debt from the civil war time, are both incorporated in the new DSA. The State-owned Enterprises (SOE) guaranteed debt is also incorporated. Liberia will edge closer to high risk of debt distress with a small change in the terms of both domestic and external debt or a failure to adjust primary expenditure to the available revenue envelope over the medium-term. 2019-10-17T19:31:59Z 2019-10-17T19:31:59Z 2019-06 Report http://documents.worldbank.org/curated/en/277671570833880795/Liberia-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-June-2019 http://hdl.handle.net/10986/32570 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 Liberia
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 DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC SECTOR DEBT EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC MANAGEMENT
spellingShingle	DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC SECTOR DEBT EXTERNAL DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC MANAGEMENT World Bank International Monetary Fund Liberia - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Africa Liberia
description	The Debt Sustainability Analysis (DSA) suggests that Liberia remains at moderate risk of debt distress with limited space to accommodate shocks. The country’s debt carrying capacity remains medium, but the rating has declined from 3.1 to 2.77. The authorities have pursued non-concessional loans, but none has been disbursed yet. The government has instead borrowed U.S. dollars from the Central Bank of Liberia (CBL) to close the financing gap in FY2018. Such new borrowing, as well as the legacy U.S. dollar debt from the civil war time, are both incorporated in the new DSA. The State-owned Enterprises (SOE) guaranteed debt is also incorporated. Liberia will edge closer to high risk of debt distress with a small change in the terms of both domestic and external debt or a failure to adjust primary expenditure to the available revenue envelope over the medium-term.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Liberia - Joint World Bank-IMF Debt Sustainability Analysis
title_short	Liberia - Joint World Bank-IMF Debt Sustainability Analysis
title_full	Liberia - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Liberia - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Liberia - Joint World Bank-IMF Debt Sustainability Analysis
title_sort	liberia - joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/277671570833880795/Liberia-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-June-2019 http://hdl.handle.net/10986/32570
_version_	1764476831008817152

Liberia - Joint World Bank-IMF Debt Sustainability Analysis

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