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Cote d'Ivoire Joint Bank-Fund Debt Sustainability Analysis - 2018 Update
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Series:
- Debt and Creditworthiness Study.
- World Bank e-Library.
- Debt and Creditworthiness Study
- Language:
- English
- Subjects (All):
- Capital Markets and Capital Flows.
- Debt Markets.
- Economic Forecasting.
- External Debt.
- Finance and Financial Sector Development.
- Fiscal and Monetary Policy.
- Macroeconomics and Economic Growth.
- Public Debt.
- Public Sector Development.
- Risk Assessment.
- State-Owned Enterprises.
- Local Subjects:
- Capital Markets and Capital Flows.
- Debt Markets.
- Economic Forecasting.
- External Debt.
- Finance and Financial Sector Development.
- Fiscal and Monetary Policy.
- Macroeconomics and Economic Growth.
- Public Debt.
- Public Sector Development.
- Risk Assessment.
- State-Owned Enterprises.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- Cote d'Ivoire has a moderate risk of external debt distress, with limited space to absorb shocks. All liquidity and solvency external debt indicators lie below their thresholds under the baseline scenario. However, the ratios of external debt service to revenue and exports are projected to rise, diminishing room to maneuver, and an export shock would cause breaches of their relevant thresholds under the worst-case stress scenarios. This underscores the substantial downside risks originating from external shocks and the need to boost domestic revenue mobilization. The overall risk of public debt distress is also moderate, with public debt to GDP ratio expected to decrease gradually. A sustained compliance with the WAEMU fiscal deficit convergence criterion and a prudent external borrowing strategy balancing the costs and economic return of new loans will be crucial to preserve debt sustainability.
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