Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update

The Debt Sustainability Analysis (DSA) using the revised joint IMF/WB Debt Sustainability Framework for Low Income Countries (LIC-DSF) shows that Cambodia remains at low risk of external debt distress. All debt burden indicators are projected to remain under their indicative thresholds under the...

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Main Authors:	World Bank, International Monetary Fund
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	CONTINGENT LIABILITIES PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT DEBT DISTRESS DEBT BURDEN
Online Access:	http://documents.worldbank.org/curated/en/517691549645264694/Cambodia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31299

id	okr-10986-31299
recordtype	oai_dc
spelling	okr-10986-312992021-09-17T05:11:24Z Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update World Bank International Monetary Fund CONTINGENT LIABILITIES PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT DEBT DISTRESS DEBT BURDEN The Debt Sustainability Analysis (DSA) using the revised joint IMF/WB Debt Sustainability Framework for Low Income Countries (LIC-DSF) shows that Cambodia remains at low risk of external debt distress. All debt burden indicators are projected to remain under their indicative thresholds under the baseline and the shock scenarios. While the overall risk of debt distress is low, the analysis indicates that debt sustainability is vulnerable to export and growth shocks, and the materialization of contingent liabilities. Furthermore, the public and publicly guaranteed (PPG) debt-to-GDP ratio is projected to rise by more than 10 percentage points during the next decade due to projected large fiscal deficits in the medium term. These findings reinforce the importance of implementing reforms to increase the economy’s resilience to external shocks and encourage export and economic diversification. Efforts to mobilize fiscal revenue, to strengthen the Public Investment Management framework (including for PPPs) and further enhance monitoring of PPP and financial sector risks, as well as introduction of a debtbased fiscal anchor, are necessary to ensure debt sustainability in the medium term. 2019-02-15T20:35:07Z 2019-02-15T20:35:07Z 2019-02-05 Report http://documents.worldbank.org/curated/en/517691549645264694/Cambodia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31299 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Debt and Creditworthiness Study Economic & Sector Work East Asia and Pacific Cambodia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CONTINGENT LIABILITIES PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT DEBT DISTRESS DEBT BURDEN
spellingShingle	CONTINGENT LIABILITIES PUBLIC DEBT STATE-OWNED ENTERPRISES EXTERNAL DEBT DEBT DISTRESS DEBT BURDEN World Bank International Monetary Fund Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
geographic_facet	East Asia and Pacific Cambodia
description	The Debt Sustainability Analysis (DSA) using the revised joint IMF/WB Debt Sustainability Framework for Low Income Countries (LIC-DSF) shows that Cambodia remains at low risk of external debt distress. All debt burden indicators are projected to remain under their indicative thresholds under the baseline and the shock scenarios. While the overall risk of debt distress is low, the analysis indicates that debt sustainability is vulnerable to export and growth shocks, and the materialization of contingent liabilities. Furthermore, the public and publicly guaranteed (PPG) debt-to-GDP ratio is projected to rise by more than 10 percentage points during the next decade due to projected large fiscal deficits in the medium term. These findings reinforce the importance of implementing reforms to increase the economy’s resilience to external shocks and encourage export and economic diversification. Efforts to mobilize fiscal revenue, to strengthen the Public Investment Management framework (including for PPPs) and further enhance monitoring of PPP and financial sector risks, as well as introduction of a debtbased fiscal anchor, are necessary to ensure debt sustainability in the medium term.
format	Report
author	World Bank International Monetary Fund
author_facet	World Bank International Monetary Fund
author_sort	World Bank
title	Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
title_short	Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
title_full	Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
title_fullStr	Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
title_full_unstemmed	Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update
title_sort	cambodia : joint bank-fund debt sustainability analysis 2018 update
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/517691549645264694/Cambodia-Joint-Bank-Fund-Debt-Sustainability-Analysis-2018-Update http://hdl.handle.net/10986/31299
_version_	1764474007273340928

Cambodia : Joint Bank-Fund Debt Sustainability Analysis 2018 Update

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