Publication:
Union of Comoros - Joint World Bank-IMF Debt Sustainability Analysis

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-10-18T13:54:09Z
dc.date.available2019-10-18T13:54:09Z
dc.date.issued2019-08
dc.description.abstractThe Union of Comoros remains at moderate risk of external debt distress, but its space to absorb shocks is “limited.” All debt burden indicators exhibit a continual upward trend, with the PV of debt-to-export approaching its threshold at the end of the assessment horizon (2029) under the baseline scenario. (Thresholds reflect “medium” capacity to carry debt). The reduced space to absorb shocks reflects the taking on of a large new loan, a downward revision of projected exports in line with lower export prices and impacts of Cyclone Kenneth on debt accumulation. Shock scenarios indicate vulnerability to a deterioration of export performance, natural disasters, and exchange rate instability. Comoros’ overall risk of debt distress remains moderate, given that domestic debt is expected to remain minimal. The authorities need to strengthen policies to improve macroeconomic performance including by making faster progress on domestic resource mobilization and broadening the export base. The authorities should proceed cautiously on taking up any new debt and may wish to largely avoid new non-concessional debt.en
dc.identifierhttp://documents.worldbank.org/curated/en/152471570789360222/Union-of-Comoros-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-August-2019
dc.identifier.doi10.1596/32579
dc.identifier.urihttps://hdl.handle.net/10986/32579
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 DISTRESS
dc.subjectDEBT SERVICE BURDEN
dc.subjectCONTINGENT LIABILITY
dc.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC AND PUBLICLY GUARANTEED DEBT
dc.subjectEXTERNAL DEBT
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectRISK ASSESSMENT
dc.subjectMACROECONOMIC PROJECTION
dc.subjectNATURAL DISASTER
dc.titleUnion of Comoros - Joint World Bank-IMF Debt Sustainability Analysisen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleUnion of Comoros - Joint World Bank-IMF Debt Sustainability Analysis
okr.date.disclosure2019-10-11
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.docurlhttp://documents.worldbank.org/curated/en/152471570789360222/Union-of-Comoros-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-August-2019
okr.guid152471570789360222
okr.identifier.doi10.1596/32579
okr.identifier.externaldocumentum090224b0871cc3c0_1_0
okr.identifier.internaldocumentum31472695
okr.identifier.report142555
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/152471570789360222/pdf/Union-of-Comoros-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-August-2019.pdfen
okr.region.administrativeAfrica
okr.region.countryComoros
okr.topicPublic Sector Development::Public Sector Economics
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.topicInternational Economics and Trade::External Debt
okr.unitEFI-MTI-Global Macro and Debt (EMFMD)
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