Senegal - Joint World Bank-IMF Debt Sustainability Analysis

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作者：

World Bank

来源地址：

http://hdl.handle.net/10986/32554

关键词：

DEBT SERVICE BURDEN;  DEBT DISTRESS;  PUBLIC SECTOR DEBT;  CONTINGENT LIABILITY;  EXTERNAL DEBT;  EUROBONDS;  FISCAL POLICY;  DEBT MANAGEMENT STRATEGY;  SUSTAINABILITY ANALYSIS;  RISK ASSESSMENT;  PUBLIC AND PUBLICLY GUARANTEED DEBT;  DEBT CAPACITY;  Report;  Rapport;  Informe; 

年份：

2019

出版地：

Washington,USA

语种：

English

摘要：

Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios. The low risk of debt distress is predicated on: (i) ongoing debt liability management, guarantees to address currency risk, access to liquid financial assets and a sound track record of market access; and (ii) adherence to the planned fiscal consolidation path, an acceleration of reforms, and a prudent borrowing strategy. Looking ahead, it will be important to contain fiscal pressures from Treasury operations and address fiscal risks from the broader public sector, including the energy sector.