Rwanda- Joint World Bank-IMF Debt Sustainability Analysis
An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service indicators...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/579281570639759755/Rwanda-Joint-World-Bank-IMF-Debt-Sustainability-Analysis-July-2019 http://hdl.handle.net/10986/32565 |
| Summary: | An updated joint assessment of
Rwanda's debt sustainability suggests continued low
risk of external debt distress. External debt burden
indicators remain below risk thresholds, except for a short
and temporary breach of debt service indicators in 2023,
when the Eurobond issued in 2013 matures. The main risk to
debt sustainability––and macroeconomic stability––remains
external shocks. Balancing Rwanda's still-strong public
investment needs with maintaining low risks of debt
distress, the government is focused on carefully choosing
the highest return projects, financed under the most
favorable terms. These principles are laid out in
Rwanda's Medium-Term Debt Strategy, as are options for
help mitigating potential risks. More broadly, the
government is focused on creating a larger and more
diversified export base while encouraging more private
investment, to help secure high and resilient growth over
the long term. Forthcoming results of fiscal risk analysis
will help identify if there could be additional contingent
liabilities that should be included in the next DSA. |
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