Report

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

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collection.link.151
https://openknowledge.worldbank.org/handle/10986/7795
collection.name.151
Debt and Creditworthiness Study
dc.contributor.author
World Bank
dc.contributor.author
International Monetary Fund
dc.date.accessioned
2019-10-18T13:41:47Z
dc.date.available
2019-10-18T13:41:47Z
dc.date.issued
2019-09
dc.date.lastModified
2021-05-25T09:28:47Z
dc.description.abstract
According 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 policies
en
dc.identifier
http://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019
dc.identifier.uri
http://hdl.handle.net/10986/32577
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
DEBT DISTRESS
dc.subject
DEBT SERVICE BURDEN
dc.subject
PUBLIC SECTOR DEBT
dc.subject
PUBLIC AND PUBLICLY GUARANTEED DEBT
dc.subject
CONTINGENT LIABILITY
dc.subject
EXTERNAL DEBT
dc.subject
SUSTAINABILITY ANALYSIS
dc.subject
RISK ASSESSMENT
dc.subject
MACROECONOMIC PROJECTION
dc.title
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis
en
dc.type
Report
en
okr.crossref.title
The Democratic Republic of the Congo - Joint World Bank-IMF Debt Sustainability Analysis
okr.date.disclosure
2019-10-11
okr.doctype
Publications & Research
okr.doctype
Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/929601570790408335/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/32577
okr.identifier.externaldocumentum
090224b0871cc3c5_1_0
okr.identifier.internaldocumentum
31472698
okr.identifier.report
142557
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/929601570790408335/pdf/The-Democratic-Republic-of-the-Congo-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019.pdf
en
okr.region.administrative
Africa
okr.region.country
Congo, Democratic Republic of
okr.topic
Public Sector Development :: Public Sector Economics
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Debt Relief and HIPC
okr.topic
Finance and Financial Sector Development :: Strategic Debt Management
okr.topic
International Economics and Trade :: External Debt
okr.unit
EFI-MTI-Global Macro and Debt (EMFMD)
okr.volume
1

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