Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis

Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis

Cabo Verde’s risk of external and overall debt distress is rated “high” as in the previous debt sustainability analysis (DSA). The present value (PV) of public and publicly-guaranteed (PPG) external debt-to-GDP ratio breaches its threshold in 2019-...

Full description

Bibliographic Details
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
PUBLIC AND PUBLICLY GUARANTEED DEBT
EXTERNAL DEBT
SUSTAINABILITY ANALYSIS
RISK ASSESSMENT
MACROECONOMIC PROJECTION
Online Access:http://documents.worldbank.org/curated/en/875381570788062437/Cabo-Verde-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019
http://hdl.handle.net/10986/32575
id okr-10986-32575
recordtype oai_dc
spelling okr-10986-325752021-05-25T09:28:43Z Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT DISTRESS DEBT SERVICE BURDEN CONTINGENT LIABILITY PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION Cabo Verde’s risk of external and overall debt distress is rated “high” as in the previous debt sustainability analysis (DSA). The present value (PV) of public and publicly-guaranteed (PPG) external debt-to-GDP ratio breaches its threshold in 2019-2022 under the baseline and protractedly under stress test scenarios. The PV of total public debt-to-GDP ratio is projected to recede below its threshold from 2026 under the baseline and breaches its prescribed limit under stress test scenarios. The debt sustainability assessment is predicated on sustained fiscal consolidation and successful restructuring of state-owned enterprises (SOEs). Prudent borrowing policies and a strengthened debt management strategy are critical to containing debt accumulation. In view of Cabo Verde’s vulnerability to exogenous shocks, growth-enhancing structural reforms remain critical to bringing public debt to sustainable levels. 2019-10-17T20:22:28Z 2019-10-17T20:22:28Z 2019-07 Report http://documents.worldbank.org/curated/en/875381570788062437/Cabo-Verde-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32575 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 Cape Verde
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
PUBLIC AND PUBLICLY GUARANTEED DEBT
EXTERNAL DEBT
SUSTAINABILITY ANALYSIS
RISK ASSESSMENT
MACROECONOMIC PROJECTION
spellingShingle DEBT DISTRESS
DEBT SERVICE BURDEN
CONTINGENT LIABILITY
PUBLIC SECTOR DEBT
PUBLIC AND PUBLICLY GUARANTEED DEBT
EXTERNAL DEBT
SUSTAINABILITY ANALYSIS
RISK ASSESSMENT
MACROECONOMIC PROJECTION
World Bank
International Monetary Fund
Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet Africa
Cape Verde
description Cabo Verde’s risk of external and overall debt distress is rated “high” as in the previous debt sustainability analysis (DSA). The present value (PV) of public and publicly-guaranteed (PPG) external debt-to-GDP ratio breaches its threshold in 2019-2022 under the baseline and protractedly under stress test scenarios. The PV of total public debt-to-GDP ratio is projected to recede below its threshold from 2026 under the baseline and breaches its prescribed limit under stress test scenarios. The debt sustainability assessment is predicated on sustained fiscal consolidation and successful restructuring of state-owned enterprises (SOEs). Prudent borrowing policies and a strengthened debt management strategy are critical to containing debt accumulation. In view of Cabo Verde’s vulnerability to exogenous shocks, growth-enhancing structural reforms remain critical to bringing public debt to sustainable levels.
format Report
author World Bank
International Monetary Fund
author_facet World Bank
International Monetary Fund
author_sort World Bank
title Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis
title_short Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis
title_full Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed Cabo Verde - Joint World Bank-IMF Debt Sustainability Analysis
title_sort cabo verde - joint world bank-imf debt sustainability analysis
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/875381570788062437/Cabo-Verde-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019
http://hdl.handle.net/10986/32575
_version_ 1764476823692902400

Similar Items