Mali - Joint World Bank-IMF Debt Sustainability Analysis
Mali remains at moderate risk of external debt distress. This rating is unchanged from the previous analysis and consistent with the May 2018 Staff Report (IMF Country Report/18/141). All the projected external debt burden indicators remain below t...
| Main Authors: | , |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/896821570771403858/Mali-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019 http://hdl.handle.net/10986/32556 |
| id |
okr-10986-32556 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-325562021-05-25T09:28:38Z Mali - Joint World Bank-IMF Debt Sustainability Analysis World Bank International Monetary Fund DEBT SERVICE BURDEN EXTERNAL DEBT PUBLIC SECTOR DEBT CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS FISCAL POLICY Mali remains at moderate risk of external debt distress. This rating is unchanged from the previous analysis and consistent with the May 2018 Staff Report (IMF Country Report/18/141). All the projected external debt burden indicators remain below their thresholds under the baseline. However, the ratio of the external debt service to exports exceeds its threshold in the case of an extreme shock to exports under a customized scenario that incorporates 2 percentage points of GDP larger fiscal deficits over 2019 to 2023 than the baseline.1 The baseline scenario assumes improved fiscal policies and achievement of the WAEMU fiscal deficit convergence criteria by 2019. As illustrated in the customized scenario, continued shortfall in domestic revenue mobilization and a deterioration in security conditions will result in a weakened fiscal position and increase the likelihood of debt distress. Mali’s main challenge continues to be ensuring macroeconomic stability while protecting social and investment spending and providing for growing security spending and large development needs. To maintain debt at moderate risk rating, it is essential that the authorities continue their efforts to mobilize domestic revenue and implement reforms. Debt management capacity should be strengthened while deepening structural reforms to diversify the exports base. 2019-10-17T17:43:19Z 2019-10-17T17:43:19Z 2019-09 Report http://documents.worldbank.org/curated/en/896821570771403858/Mali-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019 http://hdl.handle.net/10986/32556 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Debt and Creditworthiness Study Africa Mali |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DEBT SERVICE BURDEN EXTERNAL DEBT PUBLIC SECTOR DEBT CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS FISCAL POLICY |
| spellingShingle |
DEBT SERVICE BURDEN EXTERNAL DEBT PUBLIC SECTOR DEBT CONTINGENT LIABILITY PUBLIC AND PUBLICLY GUARANTEED DEBT SUSTAINABILITY ANALYSIS RISK ASSESSMENT DEBT DISTRESS FISCAL POLICY World Bank International Monetary Fund Mali - Joint World Bank-IMF Debt Sustainability Analysis |
| geographic_facet |
Africa Mali |
| description |
Mali remains at moderate risk of
external debt distress. This rating is unchanged from the
previous analysis and consistent with the May 2018 Staff
Report (IMF Country Report/18/141). All the projected
external debt burden indicators remain below their
thresholds under the baseline. However, the ratio of the
external debt service to exports exceeds its threshold in
the case of an extreme shock to exports under a customized
scenario that incorporates 2 percentage points of GDP larger
fiscal deficits over 2019 to 2023 than the baseline.1 The
baseline scenario assumes improved fiscal policies and
achievement of the WAEMU fiscal deficit convergence criteria
by 2019. As illustrated in the customized scenario,
continued shortfall in domestic revenue mobilization and a
deterioration in security conditions will result in a
weakened fiscal position and increase the likelihood of debt
distress. Mali’s main challenge continues to be ensuring
macroeconomic stability while protecting social and
investment spending and providing for growing security
spending and large development needs. To maintain debt at
moderate risk rating, it is essential that the authorities
continue their efforts to mobilize domestic revenue and
implement reforms. Debt management capacity should be
strengthened while deepening structural reforms to diversify
the exports base. |
| format |
Report |
| author |
World Bank International Monetary Fund |
| author_facet |
World Bank International Monetary Fund |
| author_sort |
World Bank |
| title |
Mali - Joint World Bank-IMF Debt Sustainability Analysis |
| title_short |
Mali - Joint World Bank-IMF Debt Sustainability Analysis |
| title_full |
Mali - Joint World Bank-IMF Debt Sustainability Analysis |
| title_fullStr |
Mali - Joint World Bank-IMF Debt Sustainability Analysis |
| title_full_unstemmed |
Mali - Joint World Bank-IMF Debt Sustainability Analysis |
| title_sort |
mali - joint world bank-imf debt sustainability analysis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/896821570771403858/Mali-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-September-2019 http://hdl.handle.net/10986/32556 |
| _version_ |
1764476787767640064 |