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.
| Main Authors: | , |
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| Format: | Report biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019-01
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| 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 http://hdl.handle.net/10986/32554 |
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