Publication:
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-10-18T13:41:47Z
dc.date.available2019-10-18T13:41:47Z
dc.date.issued2019-09
dc.description.abstractAccording to the updated Low-Income Country Debt Sustainability Framework (LIC DSF), the Democratic Republic of the Congo (DRC)’s debt-carrying capacity was assessed as weak. DRC remains at a moderate risk of external and overall debt distress, with limited space to absorb shocks. The debt coverage has been improved since the last DSA, especially on domestic debt. The external nominal debt ratios are lower than at the time of the 2015 debt sustainability analysis (DSA), however the country shows vulnerability in debt repayment capacity, even under the baseline, due to weak revenue mobilization. Most external debt thresholds are breached under the stress tests, highlighting the country’s vulnerability to external shocks. Given limited buffers, prudent borrowing policies are essential by prioritizing concessional loans and strengthening debt management policiesen
dc.identifierhttp://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019
dc.identifier.doi10.1596/32577
dc.identifier.urihttps://hdl.handle.net/10986/32577
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.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC AND PUBLICLY GUARANTEED DEBT
dc.subjectCONTINGENT LIABILITY
dc.subjectEXTERNAL DEBT
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectRISK ASSESSMENT
dc.subjectMACROECONOMIC PROJECTION
dc.titleThe Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysisen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThe Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis
okr.date.disclosure2019-10-11
okr.doctypePublications & Research
okr.doctypeWorking Paper
okr.docurlhttp://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019
okr.guid929601570790408335
okr.identifier.doi10.1596/32577
okr.identifier.externaldocumentum090224b0871cc3c5_1_0
okr.identifier.internaldocumentum31472698
okr.identifier.report142557
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/929601570790408335/pdf/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019.pdfen
okr.region.administrativeAfrica
okr.region.countryCongo, Democratic Republic of
okr.topicPublic Sector Development::Public Sector Economics
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.unitEFI-MTI-Global Macro and Debt (EMFMD)
okr.volume1
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