Senegal - Joint World Bank-IMF Debt Sustainability Analysis

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.

Bibliographic Details

Main Authors:	World Bank, International Monetary Fund
Format:	Report biblioteca
Language:	English
Published:	World Bank, Washington, DC 2019-01
Subjects:	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,
Online Access:	http://documents.worldbank.org/curated/en/942321570772157097/Senegal-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-January-2019 https://hdl.handle.net/10986/32554
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