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

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dc.contributor.authorInternational Development Association
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2018-11-28T15:39:15Z
dc.date.available2018-11-28T15:39:15Z
dc.date.issued2018-10-01
dc.description.abstractTogo’s risk of external debt distress continues to be moderate with heightened overall risk of debt distress—unchanged from the previous Debt Sustainability Analysis (DSA) published in April 2017. Alternative scenarios and stress tests suggest, however, that external public debt could accumulate rapidly, pushing Togo above the external debt-distress threshold for the present value (PV) of public and publicly guaranteed (PPG) debt-to-GDP. Togo’s domestic public debt burden remains high and reflects among others, persistently high deficits, materialized contingent liabilities and arrears accumulation. Baseline projections show that Togo’s PV of total PPG debt (external plus domestic) -to-GDP ratio will reach the 38 percent benchmark by 2025, down from 73.1 percent in 2017 -with the bulk constituting domestic debt obligations. This analysis highlights the need for sustained fiscal consolidation, improved debt management, and macroeconomic policies to reduce the level of public debt to prudent levels over the medium term.en
dc.identifierhttp://documents.worldbank.org/curated/en/434151539632460778/Togo-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
dc.identifier.doi10.1596/30909
dc.identifier.urihttps://hdl.handle.net/10986/30909
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.subjectEXTERNAL DEBT
dc.subjectPUBLIC DEBT
dc.subjectGRACE AND MATURITY PERIOD
dc.subjectINTEREST RATE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEBT BURDEN
dc.subjectTERMS OF TRADE
dc.subjectMACROECONOMIC POLICY
dc.titleTogoen
dc.title.subtitleJoint Bank-Fund Debt Sustainability Analysis, 2018 Updateen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleTogo
okr.date.disclosure2018-10-15
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Debt and Creditworthiness Study
okr.docurlhttp://documents.worldbank.org/curated/en/434151539632460778/Togo-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update
okr.guid434151539632460778
okr.identifier.doi10.1596/30909
okr.identifier.externaldocumentum090224b086449f7e_1_0
okr.identifier.internaldocumentum30499241
okr.identifier.report130856
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/434151539632460778/pdf/130856-WP-PUBLIC-WBG-Togo-Debt-Sustainability-Analysis-2018-Update-Final-Oct1518.pdfen
okr.region.administrativeAfrica
okr.region.countryTogo
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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