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Madagascar - Joint World Bank-IMF Debt Sustainability Analysis (anglais)

Madagascar, classified as having a medium debt carrying capacity, is still assessed at moderate risk of external debt distress with some space to absorb shocks and moderate risk of overall (external plus domestic) debt distress, in line with the assessment at the time of the program request. While no external public and publicly guaranteed (PPG) debt ratios breach their thresholds under the baseline, the present value (PV) of the debt-to-exports ratio...
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