[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109719-en":3,"doc-seo-109719-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109719,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Bangladesh - Joint World Bank-IMF Debt Sustainability Analysis - May 2020","Bangladesh’s joint World Bank–IMF Debt Sustainability Analysis (DSA) assesses external and overall debt distress under baseline and stress scenarios in the context of the 2020 emergency financing request. The report finds low risk of external and overall debt distress, with external debt indicators below thresholds and public debt under the benchmark. It explains COVID-19’s projected macroeconomic effects on growth and the current account deficit, outlines financing assumptions including semi-concessional unidentified funds, and recommends continued revenue mobilization and concessional financing to preserve favorable medium-term debt dynamics.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nBANGLADESH  \nJoint World Bank-IMF Debt Sustainability Analysis1  \nMay 2020  \nPrepared Jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF)  \nApproved by Marcello Estevão (IDA), Anne-Marie Gulde-Wolf and Kevin Fletcher (IMF)  \n1 This joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2020 request for emergency financing from the Fund. The macroeconomic framework underlying this DSA update is the same as that included in the staff report of the 2020 RFI/RCF request which reflects recent global and domestic developments. The current macroeconomic framework reflects currently available information. However, updates with respect to the economic impact and policy response to the COVID-19 crisis are rapidly evolving and risks are heavily tilted to the downside.  \n\n| Bangladesh: Joint Fund-Bank Debt Sustainability Analysis1 |  |\n| --- | --- |\n| Risk of external debt distress | Low2 |\n| Overall risk of debt distress | Low |\n| Granularity in the risk rating | Tool not applicable |\n| Application of judgement | No |\n| Macroeconomic projections | Growth is projected at 3.8 percent in FY20 compared with a prepandemic projection above 7 percent. The current account deficit (CAD) is projected at 2.2 percent compared to around 1 percent before the pandemic. The CAD deterioration is due to lower exports, as ready-made garment (RMG) orders are being cancelled into the summer, and remittances decline, as workers are being asked to return to Bangladesh and as economic activity declines in their destination economies. COVID-19 will also impact FY21 through the same channels with growth projected at 5.7 percent (compared to 7.3 percent pre-pandemic) and the CAD projected at 3.5 percent (compared to 1.5 percent prepandemic).The fiscal deficit is projected to worsen to around 6.3 percent of GDP in FY20 due to lower revenues and higher expenditure as the government increases expenditures in an effort to counter the negative economic impact from COVID-19. |\n| Financing strategy | The COVID-19 shock is projected to disrupt the execution of externally financed projects in FY20 but external PPG debt-to-GDP ratios over the long run are broadly similar to the last DSA. Domestic financing is projected to remain an important source of deficit financing as in the past and as assumed in the last DSA.\u003Cbr>Financing-gap-filling funds from the IMF, World Bank, ADB, and other unidentified sources are included in this DSA.3 Unidentified funds are assumed to be semi-concessional with a grant element around 14 percent. |\n| Realism tools flagged | No |\n| 1 Debt coverage includes debt guaranteed by the government.\u003Cbr>2 The composite indicator for Bangladesh is 3.06 based on the October 2019 WEO and suggests a strong debt-carrying capacity.\u003Cbr>3 The authorities do not plan to apply for the Debt Service Suspension Initiative supported by the G20 and Paris Club at this time. The initiative provides a time-bound suspension of official bilateral debt service payments to IDA-eligible and least developed countries. |  |\n\nBangladesh remains at a low risk of external and a low overall risk of debt distress. This assessment stands despite the economic shock caused by COVID-19. External debt indicators are below their thresholds and the public debt level is below the benchmark under the baseline and stress test scenarios. Risks to the baseline are tilted downward. Under the baseline, the impact from COVID- 19 is concentrated in Q4 ofFY202 and Q1 ofFY21 with some recovery in Q2 ofFY21 and growth gradually resumes thereafter though output remains below pre-pandemic projections. Should the impact from COVID-19 be more protracted, debt indicators will worsen but are expected to remain below thresholds. Future infrastructure projects will be financed wit","cbCaidDTusr7qpTj","https://ap.wps.com/l/cbCaidDTusr7qpTj","pdf",455953,2,1,11,"English","en",105,"# Bangladesh: Joint World Bank-IMF Debt Sustainability Analysis\n## Risk of debt distress\n## Macroeconomic projections and COVID-19 impact\n## Financing strategy and assumptions\n## Policy recommendations\n## Figures and stress test settings","[{\"question\":\"What is Bangladesh’s assessed risk level for debt distress?\",\"answer\":\"The analysis rates both external debt distress and overall debt distress as low. External debt indicators remain below their thresholds and public debt stays under the benchmark in the baseline and stress tests.\"},{\"question\":\"How does COVID-19 affect the key macroeconomic projections in the DSA?\",\"answer\":\"The DSA projects growth falling from a pre-pandemic level to 3.8 percent in FY20 and 5.7 percent in FY21, with the current account deficit worsening from around 1 percent to 2.2 percent in FY20. It attributes the deterioration to weaker exports, canceled RMG orders, and declining remittances.\"},{\"question\":\"What financing strategy assumptions are used for the shocks and additional financing needs?\",\"answer\":\"The report assumes the COVID-19 shock disrupts the execution of externally financed projects in FY20, while domestic financing remains important. It also includes IMF/World Bank/ADB and unidentified financing-gap funds, assuming unidentified funds are semi-concessional with a grant element around 14 percent.\"}]","Bangladesh - Joint World Bank-IMF Debt Sustainability Analysis - May 2020 | PDF",1784482060,28,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"bangladesh-joint-world-bank-imf-debt-sustainability-analysis-may-2020","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,48,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":20},"https://docshare.wps.com/document/","Document",{"item":49,"name":12,"@type":44,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/bangladesh-joint-world-bank-imf-debt-sustainability-analysis-may-2020/109719/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-29","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is Bangladesh’s assessed risk level for debt distress?","Question",{"text":76,"@type":77},"The analysis rates both external debt distress and overall debt distress as low. External debt indicators remain below their thresholds and public debt stays under the benchmark in the baseline and stress tests.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How does COVID-19 affect the key macroeconomic projections in the DSA?",{"text":81,"@type":77},"The DSA projects growth falling from a pre-pandemic level to 3.8 percent in FY20 and 5.7 percent in FY21, with the current account deficit worsening from around 1 percent to 2.2 percent in FY20. It attributes the deterioration to weaker exports, canceled RMG orders, and declining remittances.",{"name":83,"@type":74,"acceptedAnswer":84},"What financing strategy assumptions are used for the shocks and additional financing needs?",{"text":85,"@type":77},"The report assumes the COVID-19 shock disrupts the execution of externally financed projects in FY20, while domestic financing remains important. It also includes IMF/World Bank/ADB and unidentified financing-gap funds, assuming unidentified funds are semi-concessional with a grant element around 14 percent.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]