Tuvalu : Joint Bank-Fund Debt Sustainability Analysis, 2018

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作者：

International Development Association

来源地址：

http://hdl.handle.net/10986/30908

关键词：

PUBLIC SECTOR DEBT;  CURRENT ACCOUNT DEFICIT;  GRACE AND MATURITY PERIOD;  INTEREST RATE;  DEBT SUSTAINABILITY;  DEBT BURDEN;  EXTERNAL DEBT;  FISCAL TRENDS;  MACROECONOMIC POLICY;  TERMS OF TRADE;  Report;  Rapport;  Informe; 

年份：

2018

出版地：

Washington,USA

语种：

English

摘要：

The DSA concludes that Tuvalu remains at a high risk of debt distress, in line with the 2016 DSA conclusion. External debt has breached several thresholds as of 2017, including for the present value of debt-to-GDP. Risks to debt sustainability remain high due to elevated current spending, a projected decline in fishing revenue and grants, and risks of natural disasters. A persistent fiscal deficit is projected to deplete fiscal buffers and cause the present value of debt-to-GDP to breach its indicative threshold in the long run. This underscores the importance of containing the fiscal deficit and maintaining buffers.