[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110557-en":3,"doc-seo-110557-105":31,"detail-sidebar-cat-0-en-105":93},{"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},110557,1099514068035,"Ezra","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Côte d’Ivoire - Joint Bank-Fund Debt Sustainability Analysis - Moderate Risk Assessment","Côte d’Ivoire faces a moderate risk of external debt distress, with the external debt service to revenue indicator close to the threshold and other baseline external debt burden indicators below limits, while the most severe shock relates to exports. Public debt distress risk is also moderate, with debt expected to remain generally stable. The analysis covers external and domestic debt by currency due to data constraints and includes guaranteed SOE debt in the baseline, while non-guaranteed SOE debt is treated as a contingent liability shock.","Public Disclosure  \nPub lic Disc losure Authorized  \nApproved by:  \nAbebe Adugna Dadi and Marcello Estevão (IDA); and Montfort Mlachila and Natalia Tamirisa (IMF)  \nPrepared by the staff of the International Development Association (IDA) and the International Monetary Fund (IMF) .  \n\n| CÔTE D’IVOIRE: 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 | Limited space to absorb shocks |\n| Application of judgment | No |\n\nCôte d’Ivoire remains at moderate risk of external debt distress. The external debt service to revenue indicator remains below but close to the threshold, and the other projected external debt burden indicators are below their thresholds under the baseline, with the most extreme shock being the one related to exports. Several indicators exceed their thresholds in the case of the most severe standard shocks. The space to absorb shocks remains limited. The overall risk of public debt distress is also moderate, with public debt expected to remain generally stable over the projection horizon.  \n1. Public debt covers both the debt of the central government, as well as the guarantees provided by the central government, including those guarantees that pertain to state-owned enterprises (SOEs) debt (Text Table 1) . The DSA classifies external and domestic debt based on the currency criterion, given data constraints that prevent the use of the residency criterion.2 The debt of local governments is excluded from the DSA coverage. Local governments are authorized to borrow within limits and under conditions set by decree. There is no available information on this debt. On SOE debt, the authorities continue to improve debt coverage and monitoring in past years. At end-2021, SOE guaranteed and non-guaranteed commercial debt amounted to respectively 1.3 and 0.8 percent of GDP. In the context of the current DSA, the following approach is taken:  \n• All guaranteed SOE debt and on-lent debt is included in the debt stock in the baseline.  \n• Non-guaranteed SOE debt is captured as a contingent liability shock - this shock is set at the default 2 percent of GDP.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 1\u003Cbr>2\u003Cbr>3\u003Cbr>4\u003Cbr>5\u003Cbr>6\u003Cbr>7\u003Cbr>8 X\u003Cbr>X\u003Cbr>X\u003Cbr>\u003Cbr> |\n\n2. Efforts to increase the government’s capacity to record and monitor public debt and contingent liabilities continue. Further work is needed to enhance data coverage of SOEs in the DSA baseline, including consolidating the general government fiscal accounts with the financial statements of the SOEs (both on the revenue, expenditure, and financing sides) and corresponding 20-year projections. The authorities see this consolidation as a prerequisite for incorporating SOE debt into total debt (in the baseline) and have received technical assistance (TA) to advance this task. Additionally, further work on data reconciliation with the World Bank Debt Reporting System is ongoing. As part of the IDA Sustainable Development Finance Policy (SDFP), authorities have created a new portal providing updated information on public debt, including the quarterly debt bulletins, increasing transparency.  \n3. The magnitude of the shock in the contingent liability stress test applied in the sensitivity analysis reflects potential additional liabilities. The LIC-DSF default settings are applied for the contingent liabilities shock. They could emanate from SOE debt not captured in the data coverage, especially from non-guaranteed debt and domestic arrears, public-private partnership agreements, and the financial sector. T","cbCaipN4k2pEIv7E","https://ap.wps.com/l/cbCaipN4k2pEIv7E","pdf",844069,5,1,22,"English","en",105,"# Risk assessment\n## External debt distress\n## Public debt distress\n# Coverage and methodology\n## Debt definitions and scope\n## Treatment of SOE and contingent liabilities\n# Data and capacity building\n## Debt recording and monitoring\n## Reconciliation and transparency portal\n# Sensitivity analysis and shocks\n## Contingent liability stress test\n## PPP and financial sector exposures","[{\"question\":\"How does the analysis rate Côte d’Ivoire’s risk of external debt distress?\",\"answer\":\"It concludes that Côte d’Ivoire remains at a moderate risk of external debt distress, with the debt service to revenue indicator below but close to the threshold and other baseline indicators under their limits.\"},{\"question\":\"Which parts of public debt are covered, and which are excluded?\",\"answer\":\"The DSA covers external and domestic debt based on the currency criterion, including central government debt and central government guarantees (including those linked to SOEs). Debt of local governments is excluded due to lack of available information.\"},{\"question\":\"How are state-owned enterprise (SOE) debts treated in the baseline and shocks?\",\"answer\":\"All guaranteed SOE debt and on-lent debt are included in the baseline stock. Non-guaranteed SOE debt is captured as a contingent liability shock set at the default 2 percent of GDP.\"}]","Côte d’Ivoire - Joint Bank-Fund Debt Sustainability Analysis - Moderate Risk Assessment | PDF",1784485987,55,{"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":88,"head_meta":90,"extra_data":92,"updated_unix":29},"cote-divoire-joint-bank-fund-debt-sustainability-analysis-moderate-risk-assessment","",{"@graph":37,"@context":87},[38,55,70],{"@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":54},"https://docshare.wps.com/document/cote-divoire-joint-bank-fund-debt-sustainability-analysis-moderate-risk-assessment/110557/",4,{"url":53,"name":13,"@type":56,"author":57,"headline":13,"publisher":59,"fileFormat":62,"inLanguage":24,"description":14,"dateModified":63,"datePublished":64,"encodingFormat":62,"isAccessibleForFree":65,"interactionStatistic":66},"DigitalDocument",{"name":9,"@type":58},"Person",{"url":42,"name":60,"@type":61},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":67,"interactionType":68,"userInteractionCount":20},"InteractionCounter",{"@type":69},"ViewAction",{"@type":71,"mainEntity":72},"FAQPage",[73,79,83],{"name":74,"@type":75,"acceptedAnswer":76},"How does the analysis rate Côte d’Ivoire’s risk of external debt distress?","Question",{"text":77,"@type":78},"It concludes that Côte d’Ivoire remains at a moderate risk of external debt distress, with the debt service to revenue indicator below but close to the threshold and other baseline indicators under their limits.","Answer",{"name":80,"@type":75,"acceptedAnswer":81},"Which parts of public debt are covered, and which are excluded?",{"text":82,"@type":78},"The DSA covers external and domestic debt based on the currency criterion, including central government debt and central government guarantees (including those linked to SOEs). Debt of local governments is excluded due to lack of available information.",{"name":84,"@type":75,"acceptedAnswer":85},"How are state-owned enterprise (SOE) debts treated in the baseline and shocks?",{"text":86,"@type":78},"All guaranteed SOE debt and on-lent debt are included in the baseline stock. Non-guaranteed SOE debt is captured as a contingent liability shock set at the default 2 percent of GDP.","https://schema.org",{"og:url":53,"og:type":89,"og:title":13,"og:site_name":60,"og:description":14},"article",{"robots":91,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":94},[95,99,103,107,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":96,"show_sort_weight":97,"slug":98},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":100,"show_sort_weight":101,"slug":102},"Literature",80,"literature",{"id":54,"doc_module":4,"doc_module_name":47,"category_name":104,"show_sort_weight":105,"slug":106},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},"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":20,"slug":139},19,"General","general"]