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...

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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 PUBLIC SECTOR DEBT PUBLIC AND PUBLICLY GUARANTEED DEBT CONTINGENT LIABILITY EXTERNAL DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT MACROECONOMIC PROJECTION
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

id	okr-10986-32580
recordtype	oai_dc
spelling	okr-10986-325802021-05-25T09:28:44Z Chad - 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 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. 2019-10-18T14:04:08Z 2019-10-18T14:04:08Z 2019-07 Report http://documents.worldbank.org/curated/en/854171570788892568/Chad-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32580 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 Chad
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 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 Chad - Joint World Bank-IMF Debt Sustainability Analysis
geographic_facet	Africa Chad
description	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.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Chad - Joint World Bank-IMF Debt Sustainability Analysis
title_short	Chad - Joint World Bank-IMF Debt Sustainability Analysis
title_full	Chad - Joint World Bank-IMF Debt Sustainability Analysis
title_fullStr	Chad - Joint World Bank-IMF Debt Sustainability Analysis
title_full_unstemmed	Chad - Joint World Bank-IMF Debt Sustainability Analysis
title_sort	chad - joint world bank-imf debt sustainability analysis
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/854171570788892568/Chad-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32580
_version_	1764476845747601408

Chad - Joint World Bank-IMF Debt Sustainability Analysis

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