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The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Debt and Creditworthiness Study.
- World Bank e-Library.
- Debt and Creditworthiness Study
- Language:
- English
- Subjects (All):
- Debt Markets.
- External Debt.
- Finance and Financial Sector Development.
- Public Sector Development.
- Risk Assessment.
- Local Subjects:
- Debt Markets.
- External Debt.
- Finance and Financial Sector Development.
- Public Sector Development.
- Risk Assessment.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- 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.
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