Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis

Based on the Joint Bank-Fund Low-Income Country Debt Sustainability Analysis (LIC-DSA), Uzbekistan has a low risk of debt distress, with debt burden indicators below relevant thresholds in the baseline and all stress scenarios. Over the medium term...

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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 PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT CONTINGENT LIABILITY SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
Online Access:	http://documents.worldbank.org/curated/en/747221570772743399/Uzbekistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-May-2019 http://hdl.handle.net/10986/32574

id	okr-10986-32574
recordtype	oai_dc
spelling	okr-10986-325742021-05-25T09:28:41Z Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS DEBT SERVICE BURDEN PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT CONTINGENT LIABILITY SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION Based on the Joint Bank-Fund Low-Income Country Debt Sustainability Analysis (LIC-DSA), Uzbekistan has a low risk of debt distress, with debt burden indicators below relevant thresholds in the baseline and all stress scenarios. Over the medium term, the public debt-to-GDP ratio is expected to increase moderately, while the total external debt-to-GDP ratio is expected to decline somewhat. In addition, large foreign exchange reserve buffers mitigate potential distress concerns. The debt sustainability analysis suggests that the most significant risks could result from worse-than-expected external flows (mostly lower remittances) and significantly lower exports. The government should carefully manage external borrowing to maintain Uzbekistan’s strong external position. 2019-10-17T20:15:14Z 2019-10-17T20:15:14Z 2019-05 Report http://documents.worldbank.org/curated/en/747221570772743399/Uzbekistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-May-2019 http://hdl.handle.net/10986/32574 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 Europe and Central Asia Uzbekistan
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 PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT CONTINGENT LIABILITY SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
spellingShingle	DEBT DISTRESS DEBT SERVICE BURDEN PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT CONTINGENT LIABILITY SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION World Bank International Monetary Fund Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Europe and Central Asia Uzbekistan
description	Based on the Joint Bank-Fund Low-Income Country Debt Sustainability Analysis (LIC-DSA), Uzbekistan has a low risk of debt distress, with debt burden indicators below relevant thresholds in the baseline and all stress scenarios. Over the medium term, the public debt-to-GDP ratio is expected to increase moderately, while the total external debt-to-GDP ratio is expected to decline somewhat. In addition, large foreign exchange reserve buffers mitigate potential distress concerns. The debt sustainability analysis suggests that the most significant risks could result from worse-than-expected external flows (mostly lower remittances) and significantly lower exports. The government should carefully manage external borrowing to maintain Uzbekistan’s strong external position.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis
title_short	Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis
title_full	Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis
title_sort	republic of uzbekistan - joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/747221570772743399/Uzbekistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-May-2019 http://hdl.handle.net/10986/32574
_version_	1764476815305342976

Republic of Uzbekistan - Joint World Bank-IMF Debt Sustainability Analysis

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