[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109982-en":3,"doc-seo-109982-105":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},109982,1099514068365,"Aurelia","https://ap-avatar.wpscdn.com/avatar/10000253d8d9f28188e?_k=1776742907772140068",8,"Research & Report","Burkina Faso - Joint World Bank-IMF Debt Sustainability Analysis - April 2020","Joint World Bank/IMF Debt Sustainability Analysis for Burkina Faso assesses debt risk under the 2020 Rapid Credit Facility (RCF) and Catastrophe and Containment Relief Trust (CCRT). The external debt distress risk remains moderate, with baseline indicators staying below relevant thresholds, though stress tests for export shocks breach some PPG external debt thresholds. Overall public debt does not breach benchmarks across scenarios, yet risks are moderated by fiscal management, structural export reforms, and tighter control of guarantees and contingent liabilities.","Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nBURKINA FASO  \nJOINT WORLD BANK-IMF DEBT SUSTAINABILITY ANALYSIS  \nApril 2020  \nPrepared jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF)  \nPub lic Disc losure Authorized  \n\n| Burkina Faso: Joint Bank-Fund Debt Sustainability Analysis |  |\n| --- | --- |\n| Risk of external debt distress | Moderate |\n| Overall risk of debt distress | Moderate |\n| Granularity in the risk rating | Substantial space to absorb shocks |\n| Application of judgement | No |\n\nThis joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2020 request for the Rapid Credit Facility (RCF) disbursement and the Catastrophe and Containment Relief Trust (CCRT). The macroframework underlying this DSA update is the same as that included in the staff report of the 2020 RCFand CCRT request, which reflects recent global and domestic developments. It accounts for BurkinaFaso’s recent GDP rebasing, which hascaused downward revision to all debt to GDP indicators, and incorporates the impact of the virus and the deteriorating security situation . It is based on end-2018 debt data and the latest methodology underpinning the LIC DSF. The current debt-carrying capacity is consistent with a classification of ’medium.’ The risk of external debt distress in Burkina Faso remains moderate. All external debt indicators remain below the relevant indicative thresholds under the baseline scenario. Under a standard stress test of a shock to exports, two of the thresholds for PPG external debt are breached. Overall public debt does not breach the relevant benchmark under all scenarios, yet Burkina Faso is assessed as having a moderate risk of public debt distress, as the external debt risk rating is moderate.  \n1. Burkina Faso’s debt is assessed to remain sustainable with a moderate risk of debt distress, even under the COVID-19 pandemic shock. The assessment is unchanged relative to the previous DSA. Burkina Faso would need to: (i) maintain a sound macro-fiscal framework;  \n(ii) implement structural reforms to diversify its export base; (iii) exercise control over government guarantees and contingent liabilities; and (iv) limit non-concessional borrowing and strengthen the implementation of its medium-term debt strategy to contain its debt service and gross financing needs in order to prevent a deterioration of its debt sustainability outlook.  \n2. The depth and duration of the COVID-19 pandemic shock tilts the balance of risks to the outlook to downside. Burkina Faso faces real economic shocks that partially net out as the oil import bill is expected to cushion the fall in exports. However, the country is the most affected by the outbreak in West Africa. A further rapid growth in new cases would significantly increase the fiscal burden frompublic health expenditure and measures to support economic activity. However, DSA stress tests suggest that only a persistent shock to the level of exports would push debt and debt service above the relevant thresholds. Other risks include volatile external price conditions, increased imbalances in services trade, and an escalation of the Sahel security situation. While no public liquidity risks and contingent liabilities arising from the pandemic shock is known at the moment, staff urged the authorities to monitor these and the potential materialization of any existing government guarantees.  \n3. Besides the requested RCF disbursement ofSDR 84.28 million, financing assumptions have been updated with residual needs covered mostly by additional external support with some further domestic financing. Rapid financial support is expected from the World Bank (US$21.15 million), the African Development Bank (USD 10 million), France, and the European Union .  \n\n| Text Table 1. Burkina Faso: Changes in Assumptions for Current DSA (new GDP)\u003Cbr>Compared wi","cbCaiaextcUaRWWh","https://ap.wps.com/l/cbCaiaextcUaRWWh","pdf",627145,4,1,12,"English","en",105,"# Executive Summary\n## Risk rating and key findings\n## COVID-19 shock and scenario results\n## Financing assumptions and support","[{\"question\":\"What is the overall risk assessment for Burkina Faso’s debt distress?\",\"answer\":\"The analysis rates both the risk of external debt distress and the overall risk of debt distress as moderate.\"},{\"question\":\"How does the baseline scenario compare with relevant thresholds?\",\"answer\":\"Under the baseline scenario, external debt indicators remain below the relevant indicative thresholds.\"},{\"question\":\"What triggers the most concerning outcomes in the stress tests?\",\"answer\":\"A persistent shock to exports can push debt and debt service above relevant thresholds; for PPG external debt, some thresholds are breached under a standard stress test of an export shock.\"}]","Burkina Faso - Joint World Bank-IMF Debt Sustainability Analysis - April 2020 | PDF",1784483322,30,{"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},"burkina-faso-joint-world-bank-imf-debt-sustainability-analysis-april-2020","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":20},"https://docshare.wps.com/document/burkina-faso-joint-world-bank-imf-debt-sustainability-analysis-april-2020/109982/",{"url":53,"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 the overall risk assessment for Burkina Faso’s debt distress?","Question",{"text":76,"@type":77},"The analysis rates both the risk of external debt distress and the overall risk of debt distress as moderate.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How does the baseline scenario compare with relevant thresholds?",{"text":81,"@type":77},"Under the baseline scenario, external debt indicators remain below the relevant indicative thresholds.",{"name":83,"@type":74,"acceptedAnswer":84},"What triggers the most concerning outcomes in the stress tests?",{"text":85,"@type":77},"A persistent shock to exports can push debt and debt service above relevant thresholds; for PPG external debt, some thresholds are breached under a standard stress test of an export shock.","https://schema.org",{"og:url":53,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,123,128,131,135],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":20,"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":30,"slug":122},"research-report",{"id":124,"doc_module":4,"doc_module_name":47,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":47,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":47,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":47,"category_name":137,"show_sort_weight":107,"slug":138},19,"General","general"]