Tuvalu : Joint Bank-Fund Debt Sustainability Analysis, 2018
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 rema...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/966531539633399520/Tuvalu-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/30908 |
| Summary: | 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. |
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