[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110682-en":3,"doc-seo-110682-105":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},110682,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","Côte d’Ivoire - Joint World Bank-IMF Debt Sustainability Analysis - August 2021","Assessment of Côte d’Ivoire’s debt sustainability under the revised low-income countries framework, jointly prepared by IDA and the IMF staff in August 2021. The analysis finds a moderate risk of external debt distress and moderate overall risk of public debt distress, with indicators generally below thresholds on the baseline but breaching under severe standard shocks. It evaluates public debt coverage, including central government and guarantees, and discusses contingent liability stress tests and limited shock-absorption capacity.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nCÔTE D'IVOIRE  \nJoint World Bank-IMF Debt Sustainability Analysis1  \nAugust 2021  \nPrepared Jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF)  \nApproved by Marcello Estevão, Abebe Adugna Dadi (IDA), Catherine Pattillo and Chad  \nSteinberg (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 judgement | No |\n\nCôte d’Ivoire remains at moderate risk of external debt distress. Despite the COVID-19 shock, all the projected external debt burden indicators are below their thresholds under the baseline, but several indicators exceed their thresholds in the case of the most severe standard shocks. In addition, the debt service-to-revenue ratio remains below but close to its threshold throughout the medium-term under the baseline scenario. The space to absorb shocks is therefore limited. The overall risk of public debt distress is also moderate, with public debt expected to remain generally stable over the projection horizon.  \n1 Under the revised Debt Sustainability Framework for Low-Income Countries, Côte d’Ivoire’s Composite Indicator is 2.92 based on the April 2021 WEO and the 2019 CPIA, corresponding to a medium debt carrying capacity  \nPUBLIC DEBT COVERAGE  \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 have made progress in collecting further financial information and improving monitoring in past years. At end-2020, SOE guaranteed and nonguaranteed commercial debt amounted to respectively 2.1 and 1.1 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| Text Table 1. Côte d'Ivoire: Coverage of Public Sector Debt |  |  |  |\n| --- | --- | --- | --- |\n|  | 1\u003Cbr>2\u003Cbr>3\u003Cbr>4\u003Cbr>5\u003Cbr>6\u003Cbr>7\u003Cbr>8 | Subsectors of the public sector Sub-sectors covered |  |\n|  |  | Central government X\u003Cbr>State and local government\u003Cbr>Other elements in the general government\u003Cbr>o/w: Social security fund X\u003Cbr>o/w: Extra budgetary funds (EBFs)\u003Cbr>Guarantees (to other entities in the public and private sector, including to SOEs) X Central bank (borrowed on behalf of the government) X Non-guaranteed SOE debt |  |\n|  |  |  |  |\n\n2. Efforts to step up 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 and expenditure sides) . 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.  \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 liabi","cbCaihss0Rakd5XE","https://ap.wps.com/l/cbCaihss0Rakd5XE","pdf",475688,1,21,"English","en",105,"# Risk of debt distress\n## External debt distress risk\n## Overall risk of debt distress\n# Public debt coverage\n## Scope and subsectors covered\n## Treatment of SOE debt and guarantees\n# Contingent liability stress test\n## Shock magnitude and sensitivity assumptions\n## PPP and financial sector liabilities","[{\"question\":\"What is the assessed risk of external debt distress for Côte d’Ivoire?\",\"answer\":\"The document assesses a moderate risk of external debt distress.\"},{\"question\":\"How does COVID-19 affect the debt burden indicators in the baseline analysis?\",\"answer\":\"Under the baseline, projected external debt burden indicators remain below thresholds despite the COVID-19 shock, while some indicators exceed thresholds under severe standard shocks.\"},{\"question\":\"What does the analysis include in public debt coverage and how are SOE-related debts treated?\",\"answer\":\"Public debt coverage includes central government debt and central government guarantees, with external and domestic classifications based on the currency criterion. Guaranteed and on-lent SOE debt are included in the baseline, while non-guaranteed SOE debt is captured as a contingent liability shock set at the default 2% of GDP.\"}]",1784486582,53,{"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},"cote-divoire-joint-world-bank-imf-debt-sustainability-analysis-august-2021","",{"@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/cote-divoire-joint-world-bank-imf-debt-sustainability-analysis-august-2021/110682/",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","2026-07-22","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},"What is the assessed risk of external debt distress for Côte d’Ivoire?","Question",{"text":75,"@type":76},"The document assesses a moderate risk of external debt distress.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does COVID-19 affect the debt burden indicators in the baseline analysis?",{"text":80,"@type":76},"Under the baseline, projected external debt burden indicators remain below thresholds despite the COVID-19 shock, while some indicators exceed thresholds under severe standard shocks.",{"name":82,"@type":73,"acceptedAnswer":83},"What does the analysis include in public debt coverage and how are SOE-related debts treated?",{"text":84,"@type":76},"Public debt coverage includes central government debt and central government guarantees, with external and domestic classifications based on the currency criterion. Guaranteed and on-lent SOE debt are included in the baseline, while non-guaranteed SOE debt is captured as a contingent liability shock set at the default 2% of GDP.","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"]