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

dc.contributor.authorInternational Development Association
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2018-11-28T14:49:39Z
dc.date.available2018-11-28T14:49:39Z
dc.date.issued2018-10-01
dc.description.abstractLiberia remains at moderate risk of debt distress, though care and precision in implementing its ambitious infrastructure program will be critical. Under the baseline scenario, which reflects staff’s interpretation of the authorities’ stated plans, Liberia will remain at moderate risk of debt distress but move closer to thresholds that mark a high probability of debt distress. Adverse risks to the baseline are also significant. Staff discussed an alternative reform scenario that would ease the risk of debt distress while achieving roughly the same level of spending. The reform scenario assumes that all external financing would be on concessional terms and the amount of additional borrowing would be strictly controlled and supplemented with domestic resource mobilization. Such steps would be beneficial not only to improve the safety margin for the preservation of debt and macroeconomic stability, but also to sustain broad-based growth over the forecast horizon.en
dc.identifierhttp://documents.worldbank.org/curated/en/382051539632241719/Liberia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
dc.identifier.doi10.1596/30903
dc.identifier.urihttps://hdl.handle.net/10986/30903
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.subjectPUBLIC SECTOR DEBT
dc.subjectDEBT BURDEN
dc.subjectTERMS OF TRADE
dc.subjectGRACE AND MATURITY PERIOD
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectPUBLIC DEBT
dc.subjectMACROECONOMIC POLICY
dc.subjectINTEREST RATE
dc.subjectEXTERNAL SHOCK
dc.subjectGUARANTEES
dc.subjectDEBT SUSTAINABILITY
dc.titleLiberiaen
dc.title.subtitleJoint Bank-Fund Debt Sustainability Analysis, 2018 Updateen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleLiberia
okr.date.disclosure2018-10-15
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.docurlhttp://documents.worldbank.org/curated/en/382051539632241719/Liberia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
okr.guid382051539632241719
okr.identifier.doi10.1596/30903
okr.identifier.externaldocumentum090224b086449f79_1_0
okr.identifier.internaldocumentum30499234
okr.identifier.report130855
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/382051539632241719/pdf/130855-WP-PUBLIC-WBG-Liberia-Debt-Sustainability-Analysis-2018-Update-Final-Oct1518.pdfen
okr.region.administrativeAfrica
okr.region.countryLiberia
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.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicPublic Sector Development::Public Financial Management
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