[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111644-en":3,"doc-seo-111644-105":29,"detail-sidebar-cat-0-en-105":91},{"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":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},111644,7971461740909,"Levi","https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d",8,"Research & Report","Burkina Faso - Joint World Bank-IMF Debt Sustainability Analysis - Debt Distress Risk Assessment","Burkina Faso is assessed as facing a moderate risk of external debt distress and an unchanged moderate risk of overall public debt distress, with debt remaining sustainable over the medium term. Under the baseline and the most extreme stress tests, external debt indicators stay below relevant indicative thresholds. Despite low mechanical risk, judgment reflects high macroeconomic uncertainty and greater uncertainty around concessional financing from donors. Key vulnerabilities include food insecurity and humanitarian needs, security-related spending, refinancing pressures linked to limited donor support, constrained WAEMU market access, and an undiversified export base exposed to external price shocks.","Public Disclosure  \nPub lic Disc losure Authorized  \nApproved by:  \nManuela Francisco and Abebe Adugna (IDA) and Annalisa Fedelino and Bergljot Barkbu (IMF) .  \nPrepared by the staff of the International Development Association (IDA) and the International Monetary Fund (IMF) .  \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 | Some, but limited, space to absorb shocks |\n| Application of judgment | Yes: Risk of external debt distress increased based on high macroeconomic uncertainty, uncertainty regarding concessional finance from donors. |\n\nBurkina Faso remains at moderate risk of external debt distress and overall public debt distress, and debt remains sustainable over the medium term. The current debt-carrying capacity is consistent with a classification of ’medium.’2 The risk of overall debt distress remains unchanged since the September 2023 Debt Sustainability Analysis. All external debt indicators remain below the relevant indicative thresholds under the baseline scenario and the most extreme stress test. While the mechanical results point to a low risk of external debt distress, judgment was applied, considering the high degree of macroeconomic uncertainty as well as increased uncertainty regarding concessional finance. The risk of external debt distress is therefore assessed to be moderate. The key vulnerabilities to debt sustainability include:(i) expenditures required to address food insecurity and the humanitarian crisis; (ii) expenditures required to contain the security crisis; (iii) increased refinancing risks arising due to limited support from donors; (iv) constrained access to  \n1 This DSA was prepared jointly with the World Bank and in collaboration with the Burkina Faso authorities.  \n2 Burkina Faso’s Composite Indicator (CI) is 2.90 based on the October 2023 WEO and the 2022 CPIA release corresponding to the medium debt-carrying capacity.  \nthe WAEMU regional bond market, including high interest rates, rising risk premia, and limited market liquidity; and (v) an undiversified export base with high vulnerability to external price shocks.  \n1. The country’s coverage of public debt includes central government debt, guarantees, local government debt, and non-guaranteed SOE debt (Text Table 1) . With the support of the World Bank’s Sustainable Development Finance Policy (SDFP), the authorities expanded the coverage of public debt, which is provided in a quarterly debt bulletin (Bulletin Statistique de la Dette) . Local government debt and SOE debt are now being tracked through the debt information system (SYGADE) and reported. The bulletin also includes outstanding government guaranteed loans disaggregated by type of creditor and a list of the latest contracted public loans. The data on newly included items is comprehensive, with Burkina Faso meeting the “full disclosure” rating for all categories on the World Bank’s Debt Transparency Heat Map asthe only IDA country.3  \n\n|  |  |  |  |\n| --- | --- | --- | --- |\n|  | Subsectors of the public sector\u003Cbr>Central government\u003Cbr>State and local government\u003Cbr>Other elements in the general government\u003Cbr>o/w: Social security fund\u003Cbr>o/w: Extra budgetary funds (EBFs)\u003Cbr>Guarantees (to other entities in the public and private sector, including to SOEs) Central bank (borrowed on behalf of the government)\u003Cbr>Non-guaranteed SOE debt | Check box |  |\n| 1\u003Cbr>2\u003Cbr>3\u003Cbr>4\u003Cbr>5\u003Cbr>6\u003Cbr>7\u003Cbr>8 |  | X\u003Cbr>X\u003Cbr>X\u003Cbr>X\u003Cbr>X |  |\n|  |  |  |  |\n| 1/ The Central Bank is not allowed to borrow on behalf of the central government. |  |  |  |\n\n2. Despite a relatively low level of contingent liabilities, this DSA continues to include the contingent liability stress test as a precaution (see Text Table 2) . Contingent liabilities in Burkina Faso reduced by around 9 percent in 2023, and now account for around 7 percent of public and publicly ","cbCaimC7Bj8juFyi","https://ap.wps.com/l/cbCaimC7Bj8juFyi","pdf",833091,1,21,"English","en",105,"# Risk rating and overall assessment\n## External debt distress and judgment\n## Vulnerabilities affecting debt sustainability\n# Public debt coverage and data sources\n## Debt bulletin and system tracking\n## Full disclosure rating\n# Contingent liabilities and stress tests\n## Contingent liability components\n## Stress test design and default values","[{\"question\":\"How is the risk of external debt distress for Burkina Faso assessed?\",\"answer\":\"The risk of external debt distress is assessed as moderate. Mechanical results indicate low risk, but judgment raises the rating due to macroeconomic uncertainty and increased uncertainty about concessional donor financing.\"},{\"question\":\"Does Burkina Faso’s overall debt distress risk change compared with the prior analysis?\",\"answer\":\"No. The risk of overall debt distress remains unchanged since the September 2023 Debt Sustainability Analysis.\"},{\"question\":\"What are the main vulnerabilities driving concerns about debt sustainability?\",\"answer\":\"Key vulnerabilities include spending needs for food insecurity and the humanitarian crisis, spending to address the security crisis, higher refinancing risks from limited donor support, constrained access to the WAEMU regional bond market, and an export base vulnerable to external price shocks.\"}]",1784491062,53,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":27},"burkina-faso-joint-world-bank-imf-debt-sustainability-analysis-debt-distress-risk-assessment","",{"@graph":35,"@context":85},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/burkina-faso-joint-world-bank-imf-debt-sustainability-analysis-debt-distress-risk-assessment/111644/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-20","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"How is the risk of external debt distress for Burkina Faso assessed?","Question",{"text":75,"@type":76},"The risk of external debt distress is assessed as moderate. Mechanical results indicate low risk, but judgment raises the rating due to macroeconomic uncertainty and increased uncertainty about concessional donor financing.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"Does Burkina Faso’s overall debt distress risk change compared with the prior analysis?",{"text":80,"@type":76},"No. The risk of overall debt distress remains unchanged since the September 2023 Debt Sustainability Analysis.",{"name":82,"@type":73,"acceptedAnswer":83},"What are the main vulnerabilities driving concerns about debt sustainability?",{"text":84,"@type":76},"Key vulnerabilities include spending needs for food insecurity and the humanitarian crisis, spending to address the security crisis, higher refinancing risks from limited donor support, constrained access to the WAEMU regional bond market, and an export base vulnerable to external price shocks.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,135],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":45,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":45,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":45,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":45,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":45,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":45,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":45,"category_name":137,"show_sort_weight":106,"slug":138},19,"General","general"]