Publication:
Guinea: Joint Bank-Fund Debt Sustainability Analysis, 2018 Update

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dc.contributor.authorInternational Development Association
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2018-11-28T15:24:32Z
dc.date.available2018-11-28T15:24:32Z
dc.date.issued2018-10-01
dc.description.abstractThe results of the update of the Debt Sustainability Analysis (DSA) show that Guinea continues to be at a moderate risk of external debt distress. All external debt burden indicators under the baseline scenario lie below their policy-dependent thresholds and debt dynamics have improved compared to the 2017 DSA, given higher-than-anticipated growth during 2016–17. Stress tests suggest that debt vulnerabilities owing to accumulation of external debt related to financing of infrastructure projects will increase if adverse shocks materialize, though remaining more contained than in the 2017 DSA. Under most extreme stress tests, all solvency and liquidity indicators except one breach their thresholds and for prolonged periods. The inclusion of domestic debt does not significantly change the conclusion of the external DSA. A prudent external borrowing strategy aimed at maximizing the concessionality of new debt, limiting non-concessional loans in line with programmed amounts, and strengthening debt management will be key to preserving medium-term debt sustainability.en
dc.identifierhttp://documents.worldbank.org/curated/en/698481539631229678/Guinea-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
dc.identifier.doi10.1596/30907
dc.identifier.urihttps://hdl.handle.net/10986/30907
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEBT SUSTAINABILITY
dc.subjectEXTERNAL DEBT
dc.subjectPUBLIC DEBT
dc.subjectGRACE AND MATURITY PERIOD
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectINTEREST RATE
dc.subjectEXTERNAL SHOCK
dc.subjectTERMS OF TRADE
dc.subjectMACROECONOMIC POLICY
dc.subjectDEBT RELIEF
dc.titleGuineaen
dc.title.subtitleJoint Bank-Fund Debt Sustainability Analysis, 2018 Updateen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleGuinea
okr.date.disclosure2018-10-15
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.docurlhttp://documents.worldbank.org/curated/en/698481539631229678/Guinea-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
okr.guid698481539631229678
okr.identifier.doi10.1596/30907
okr.identifier.externaldocumentum090224b086449cf1_1_0
okr.identifier.internaldocumentum30499281
okr.identifier.report130853
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/698481539631229678/pdf/130853-WP-PUBLIC-WBG-Guinea-Debt-Sustainability-Analysis-2018-Update-Final-Oct1518.pdfen
okr.region.administrativeAfrica
okr.region.countryGuinea
okr.topicPublic Sector Development::Public Financial Management
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Debt Relief and HIPC
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicInternational Economics and Trade::External Debt
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
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