The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis
According to the updated Low-Income Country Debt Sustainability Framework (LIC DSF), the Democratic Republic of the Congo (DRC)’s debt-carrying capacity was assessed as weak. DRC remains at a moderate risk of external and overall debt distress, wit...
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019 http://hdl.handle.net/10986/32577 |
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okr-10986-325772021-05-25T09:28:47Z The Democratic Republic of the Congo - 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 CONTINGENT LIABILITY EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION According to the updated Low-Income Country Debt Sustainability Framework (LIC DSF), the Democratic Republic of the Congo (DRC)’s debt-carrying capacity was assessed as weak. DRC remains at a moderate risk of external and overall debt distress, with limited space to absorb shocks. The debt coverage has been improved since the last DSA, especially on domestic debt. The external nominal debt ratios are lower than at the time of the 2015 debt sustainability analysis (DSA), however the country shows vulnerability in debt repayment capacity, even under the baseline, due to weak revenue mobilization. Most external debt thresholds are breached under the stress tests, highlighting the country’s vulnerability to external shocks. Given limited buffers, prudent borrowing policies are essential by prioritizing concessional loans and strengthening debt management policies 2019-10-18T13:41:47Z 2019-10-18T13:41:47Z 2019-09 Report http://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019 http://hdl.handle.net/10986/32577 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Working Paper Africa Congo, Democratic Republic of |
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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 CONTINGENT LIABILITY EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION |
| spellingShingle |
DEBT DISTRESS DEBT SERVICE BURDEN PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT CONTINGENT LIABILITY EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION World Bank International Monetary Fund The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis |
| geographic_facet |
Africa Congo, Democratic Republic of |
| description |
According to the updated Low-Income
Country Debt Sustainability Framework (LIC DSF), the
Democratic Republic of the Congo (DRC)’s debt-carrying
capacity was assessed as weak. DRC remains at a moderate
risk of external and overall debt distress, with limited
space to absorb shocks. The debt coverage has been improved
since the last DSA, especially on domestic debt. The
external nominal debt ratios are lower than at the time of
the 2015 debt sustainability analysis (DSA), however the
country shows vulnerability in debt repayment capacity, even
under the baseline, due to weak revenue mobilization. Most
external debt thresholds are breached under the stress
tests, highlighting the country’s vulnerability to external
shocks. Given limited buffers, prudent borrowing policies
are essential by prioritizing concessional loans and
strengthening debt management policies |
| format |
Report |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis |
| title_short |
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis |
| title_full |
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis |
| title_fullStr |
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis |
| title_full_unstemmed |
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis |
| title_sort |
democratic republic of the congo - joint world bank-imf debt sustainability analysis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019 http://hdl.handle.net/10986/32577 |
| _version_ |
1764476839551565824 |