[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109991-en":3,"doc-seo-109991-105":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},109991,1099514068365,"Aurelia","https://ap-avatar.wpscdn.com/avatar/10000253d8d9f28188e?_k=1776742907772140068",8,"Research & Report","Côte d’Ivoire - Joint World Bank-IMF Debt Sustainability Analysis - April 2020","Joint World Bank–IMF debt sustainability analysis for Côte d’Ivoire evaluates the risk of external and overall debt distress under baseline projections and alternative stress tests. The document finds a moderate risk outlook, with external debt burden indicators generally staying below thresholds, while debt service-to-revenue measures remain close to limits. It highlights how COVID-19–related spending, deteriorating macroeconomic assumptions, and limited shock-absorbing capacity weaken resilience, especially under export, market financing, and interest-rate related scenarios.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nCÔTED’IVOIRE  \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)  \nApproved by Marcello Estevão (IDA), Dominique Desruelle and Craig Beaumont (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 risk rating | Limited scope to absorb shocks |\n| Application of judgment | No |\n| Macroeconomic assumptions | Compared to the previous DSA, 1 2020 sees a deterioration in real GDP growth , current account deficit, exports of goods, fiscal revenues, as well as higher expenditures.2 Gradual return to the previously projected growth path projected in around three years |\n| Financing Strategy | Slightly higher reliance on concessional financing compared with the previous DSA 3 but balanced mix of foreign and domestic currency financing as assumed in the previous DSA. |\n| Realism tools flagged |  |\n| Mechanical risk rating under the external DSA | Moderate |\n| Mechanical risk rating under the public DSA | Moderate |\n\n1 See IMF Country Report No . 19/366 ([https://www.imf.org/en/Publications/CR/Issues/2019/12/18/Cote-d-Ivoire-Sixth-Reviews](https://www.imf.org/en/Publications/CR/Issues/2019/12/18/Cote-d-Ivoire-Sixth-Reviews)Under-the-Arrangement-Under-the-Extended-Credit-Facility-and-the-48875).  \n2 For 2020 , slower real GDP growth (2 . 7 percent compared to 7.3 in previous DSA); wider current account deficit (3 . 3 in percent of GDP compared to 2.7 percent); lower exports of goods (19 percent of GDP compared to 20.5); lower fiscal revenues (14.5 percent of GDP compared to 15.4), higher public expenditures (19.7 percent of GDP compared to 17.7) .  \n3Based on the recent discussion with donors.  \nExternal and overall debt is sustainable and presents a moderate risk of debt distress. The public health risk, deterioration of global context, and supply chain disruption will impact negatively the Ivoirien economy. Following exceptional COVID-19 related spending expected in 2020 , the deficit is projected to return to the pre-crisis level once the crisis abates, providing the basis for the downward path of debt from 2021 onward. In that context, the present value of public debt in percent of GDP would remain well below the benchmark4 of 55 percent. 5 All external public debt burden indicators remain below their thresholds in the baseline scenario, but as in the past, the debt service-to-revenue ratio remains close to its threshold over the medium-term, underscoring the need to further boost domestic revenue mobilization once the crisis abates. In addition, the improvement in the PV of debt relative to the previous DSA is largely driven by the recent rebasing of GDP despite larger borrowing needs.  \nHowever, public debt remains vulnerable to shocks. 6 The country’s public debt appears more vulnerable to shocks than assessed at the time of the December 2019 DSA, as confirmed by the now limited space to absorb shocks. Under the standard stress test on exports, the PV of external debt-to-export ratio would breach the threshold in 2022 and stay above it until 2029 (Annex Figure 1) . Similarly, debt-service-to-export ratio would breach the threshold starting in 2023 and remain above it. Under the market financing stress test, the debt service-to-revenue ratio would breach the threshold as of 2025 and in the following five years. These results underscore the downside risks for debt sustainability originating from external shocks (such as negative terms of trade shocks) and to market financing (such as rising interest rates) that could hit the Ivoirien economy. They further underscore the need to ensure a reduction in deficit as the crisis subsides","cbCailTJAcAGrXVn","https://ap.wps.com/l/cbCailTJAcAGrXVn","pdf",4071183,4,1,14,"English","en",105,"# Risk assessment\n## External debt distress\n## Overall debt distress\n# Macroeconomic assumptions and financing strategy\n## Growth, deficit, exports, and fiscal revenue changes\n## Concessional financing and currency mix\n# Stress tests and vulnerability\n## Standard stress tests\n## Market financing stress test\n## Policy implications","[{\"question\":\"What is the overall risk level of debt distress for Côte d’Ivoire in the analysis?\",\"answer\":\"The analysis assesses both the risk of external debt distress and the overall risk of debt distress as moderate.\"},{\"question\":\"Which macroeconomic developments drive the deterioration compared with the previous DSA?\",\"answer\":\"The document cites weaker real GDP growth, a wider current account deficit, lower goods exports and fiscal revenues, and higher public expenditures.\"},{\"question\":\"Why does the report emphasize vulnerability to shocks despite moderate baseline risk?\",\"answer\":\"Limited space to absorb shocks means that under standard stress tests and market financing stress tests, key debt burden indicators breach thresholds in later years, revealing downside risks from external and financing shocks.\"}]","Côte d’Ivoire - Joint World Bank-IMF Debt Sustainability Analysis - April 2020 | PDF",1784483362,35,{"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},"cote-divoire-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/cote-divoire-joint-world-bank-imf-debt-sustainability-analysis-april-2020/109991/",{"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 level of debt distress for Côte d’Ivoire in the analysis?","Question",{"text":76,"@type":77},"The analysis assesses both the risk of external debt distress and the overall risk of debt distress as moderate.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Which macroeconomic developments drive the deterioration compared with the previous DSA?",{"text":81,"@type":77},"The document cites weaker real GDP growth, a wider current account deficit, lower goods exports and fiscal revenues, and higher public expenditures.",{"name":83,"@type":74,"acceptedAnswer":84},"Why does the report emphasize vulnerability to shocks despite moderate baseline risk?",{"text":85,"@type":77},"Limited space to absorb shocks means that under standard stress tests and market financing stress tests, key debt burden indicators breach thresholds in later years, revealing downside risks from external and financing shocks.","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},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":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":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"]