Publication:
Cambodia: Joint Bank-Fund Debt Sustainability Analysis 2018 Update

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-02-15T20:35:07Z
dc.date.available2019-02-15T20:35:07Z
dc.date.issued2019-02-05
dc.description.abstractThe Debt Sustainability Analysis (DSA) using the revised joint IMF/WB Debt Sustainability Framework for Low Income Countries (LIC-DSF) shows that Cambodia remains at low risk of external debt distress. All debt burden indicators are projected to remain under their indicative thresholds under the baseline and the shock scenarios. While the overall risk of debt distress is low, the analysis indicates that debt sustainability is vulnerable to export and growth shocks, and the materialization of contingent liabilities. Furthermore, the public and publicly guaranteed (PPG) debt-to-GDP ratio is projected to rise by more than 10 percentage points during the next decade due to projected large fiscal deficits in the medium term. These findings reinforce the importance of implementing reforms to increase the economy’s resilience to external shocks and encourage export and economic diversification. Efforts to mobilize fiscal revenue, to strengthen the Public Investment Management framework (including for PPPs) and further enhance monitoring of PPP and financial sector risks, as well as introduction of a debtbased fiscal anchor, are necessary to ensure debt sustainability in the medium term.en
dc.identifierhttp://documents.worldbank.org/curated/en/517691549645264694/Cambodia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
dc.identifier.doi10.1596/31299
dc.identifier.urihttps://hdl.handle.net/10986/31299
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.subjectCONTINGENT LIABILITIES
dc.subjectPUBLIC DEBT
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectEXTERNAL DEBT
dc.subjectDEBT DISTRESS
dc.subjectDEBT BURDEN
dc.titleCambodiaen
dc.title.subtitleJoint Bank-Fund Debt Sustainability Analysis 2018 Update
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCambodia
okr.date.disclosure2019-02-08
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/517691549645264694/Cambodia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
okr.guid517691549645264694
okr.identifier.doi10.1596/31299
okr.identifier.externaldocumentum090224b0869412fc_1_0
okr.identifier.internaldocumentum30819901
okr.identifier.report134501
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/517691549645264694/pdf/wbg-cambodia-debt-sustainability-analysis-2018-final-dec1818-02052019-636851736502817880.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryCambodia
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Debt Relief and HIPC
okr.topicInternational Economics and Trade::External Debt
okr.unitGlobal Macro and Debt Analytics (GMTMD)
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