Chad - Joint World Bank-IMF Debt Sustainability Analysis
Chad’s risks of external and overall debt distress are high but have nonetheless declined in the past year. All but one external debt sustainability indicators are below their respective thresholds from 2019 onwards. The debt-to-revenue ratio moder...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/854171570788892568/Chad-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32580 |
| Summary: | Chad’s risks of external and overall
debt distress are high but have nonetheless declined in the
past year. All but one external debt sustainability
indicators are below their respective thresholds from 2019
onwards. The debt-to-revenue ratio moderately breaches its
threshold under the baseline scenario. Overall, total public
debt vulnerabilities are elevated although the present value
(PV) of the public debt-to-GDP ratio remains on a downward
trajectory. The debt sustainability analysis is based on
projected continued fiscal prudence and an increase in
non-oil revenues. Following the restructuring in 2018, the
new Glencore debt contract has helped contain the impact of
low oil prices on debt sustainability, as it allows for
lower debt service when oil prices are lower. |
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