The country remains in debt distress due to prolonged unsettled external arrears of more than 2 percent of GDP. Staff assesses that the country has the capacity to repay the external arrears over time...
Papua New Guinea (PNG) remains at high risk of debt distress under the Low-Income Country Debt Sustainability Framework (LIC DSF), with weak debt-carrying capacity. While the planned fiscal consolidation...
The authorities have responded to the COVID-19 shock with fiscal support measures leading to a temporary widening of the fiscal deficit and an increase in public debt. Given the planned unwinding of crisis...
Senegal faces a moderate risk of external and overall public debt distress under the baseline scenario, with limited space to absorb shocks. This rating is contingent upon a growth rebound and a significant...
The development objectives of the Second Economic Recovery Development Policy Loan in Eswatini are to: (1) help protect lives and support firms to protect workers; (2) contribute towards securing the country’s...
Both external and overall debt in Nepal are assessed at low risk of debt distress. Two external debt indicators, PV of PPG external debt-to-exports ratio and debt service-to-exports ratio, breach the indicative...
The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial...
External and overall public debt have increased as a result of the COVID-19 pandemic, but Solomon Islands remains at moderate risk of external and overall debt distress.1 All external debt indicators remain...
This joint World Bank/IMF Debt Sustainability Analysis (DSA) indicates that Tajikistan’s debt is sustainable while the overall risk of debt distress remains high (unchanged from the May 2020 DSA). Public...
Cameroon is at high risk of external and overall public debt distress. Three out of four external debt indicators breach the thresholds under the baseline scenario, with a particularly large and sustained...
The overall and external debt of the Republic of Congo are classified as in distress, pending finalization of debt restructuring agreements with one external commercial creditor and clearance of arrears...
Niger’s risk of external and overall public debt distress is assessed “moderate”—unchanged from the previous DSA. The response to the COVID-19 pandemic required higher borrowing and the shock entailed...