Publication:
Islamic Republic of Afghanistan - Joint World Bank-IMF Debt Sustainability Analysis

Simple item page
dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-10-17T19:36:39Z
dc.date.available2019-10-17T19:36:39Z
dc.date.issued2018-12
dc.description.abstractThis debt sustainability analysis (DSA) concludes that Afghanistan’s external and overall risk of debt distress continues to be assessed as high. Afghanistan’s debt sustainability hinges on continued donor grants inflows (currently around 40 percent of GDP) against substantial fiscal and external deficits and downside risks to the economic outlook. A gradual replacement of grants by debt financing leads to high risk of debt distress in the long run and is captured by mechanical risk ratings based on an extended 20-year period rather than the standard 10-year period. Significant downside risks include the fragile security situation, political uncertainty, domestic revenue shortfalls, weather related risks, and regional economic instability. The authorities should continue their efforts to mobilize revenue and implement reforms, while donors should continue to provide financing in the form of grants. Debt management capacity, including the monitoring of contingent liabilities emanating from state-owned entities and public-private partnerships (PPPs), should be strengthened.en
dc.identifierhttp://documents.worldbank.org/curated/en/788961570787729775/Afghanistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-December-2018
dc.identifier.doi10.1596/32571
dc.identifier.urihttps://hdl.handle.net/10986/32571
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.subjectPUBLIC SECTOR DEBT
dc.subjectDEBT SERVICE BURDEN
dc.subjectCONTINGENT LIABILITY
dc.subjectPUBLIC AND PUBLICLY GUARANTEED DEBT
dc.subjectEXTERNAL DEBT
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectRISK ASSESSMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.titleIslamic Republic of Afghanistan - Joint World Bank-IMF Debt Sustainability Analysisen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleIslamic Republic of Afghanistan - 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/788961570787729775/Afghanistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-December-2018
okr.guid788961570787729775
okr.identifier.doi10.1596/32571
okr.identifier.externaldocumentum090224b0871cc17b_1_0
okr.identifier.internaldocumentum31472573
okr.identifier.report142551
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/788961570787729775/pdf/Afghanistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-December-2018.pdfen
okr.region.administrativeSouth Asia
okr.region.countryAfghanistan
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)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Afghanistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-December-2018.pdf
Size:
423.76 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Afghanistan-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-December-2018.txt
Size:
97.02 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Debt and Creditworthiness Study