Publication:
Central African Republic - Joint World Bank-IMF Debt Sustainability Analysis

dc.contributor.authorWorld Bank
dc.contributor.authorInternational Monetary Fund
dc.date.accessioned2019-10-18T14:12:43Z
dc.date.available2019-10-18T14:12:43Z
dc.date.issued2019-07
dc.description.abstractThe Central African Republic (C.A.R.) remains at high risk of external debt distress and overall high risk of debt distress under the revised Debt Sustainability Framework (DSF), unchanged from the 2018 DSA. Solvency indicators (the present values of the external public and publicly guaranteed debt-to-GDP and debt-to-exports ratios) remain below their relevant thresholds in the baseline scenario. However, liquidity indicators (debt service-to-exports and debt service-to-revenue ratios) breach their thresholds in the baseline scenario. Further considerations support the high-risk assessment: the debt indicators are sensitive to standard stress tests; macroeconomic projections are highly uncertain in a volatile security environment; and sizeable contingent liabilities, notably related to the large stock of unaudited potential domestic arrears and the limited financial information available on state-owned enterprises, could materialize. C.A.R.’s debt sustainability is also sensitive to a deterioration of the financing mix. A tailored scenario in which grant financing (of 2 percent of GDP) is replaced by concessional external debt-financing from 2021 onwards would worsen debt sustainability considerably. This shows that the government’s investment program requires grant financing, with concessional debt financing to be considered in exceptional cases.en
dc.identifierhttp://documents.worldbank.org/curated/en/756551570788378574/Central-African-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019
dc.identifier.doi10.1596/32581
dc.identifier.urihttps://hdl.handle.net/10986/32581
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.subjectCONTINGENT LIABILITY
dc.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC AND PUBLICLY GUARANTEED DEBT
dc.subjectEXTERNAL DEBT
dc.subjectDEBT RELIEF
dc.titleCentral African Republic - Joint World Bank-IMF Debt Sustainability Analysisen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCentral African Republic - 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/756551570788378574/Central-African-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019
okr.guid756551570788378574
okr.identifier.doi10.1596/32581
okr.identifier.externaldocumentum090224b0871cc181_1_0
okr.identifier.internaldocumentum31472691
okr.identifier.report142553
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/756551570788378574/pdf/Central-African-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019.pdfen
okr.region.administrativeAfrica
okr.region.countryCentral African Republic
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
Loading...
Thumbnail Image
Name:
Central-African-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019.pdf
Size:
374.77 KB
Format:
Adobe Portable Document Format
No Thumbnail Available
Name:
Central-African-Republic-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019.txt
Size:
102.24 KB
Format:
Plain Text
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description: