[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109923-en":3,"doc-seo-109923-105":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},109923,1374391974564,"Clementine","https://ap-avatar.wpscdn.com/avatar/14000253aa45c000a9e?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779874745381141002",8,"Research & Report","Côte d’Ivoire - Joint World Bank-IMF Debt Sustainability Analysis - December 2020","Côte d’Ivoire faces a moderate risk of external debt distress and a moderate risk of overall public debt distress. Under the baseline, external debt burden indicators remain below thresholds, while the debt service-to-revenue ratio breaches in a market financing shock scenario. The debt service-to-revenue ratio stays near but below its threshold over the medium term, leaving limited fiscal space. The COVID-19 shock further reduces buffers, heightening the need to strengthen domestic revenue mobilization as public debt is expected to gradually decline.","Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nCOTE D’IVOIRE  \nJoint World Bank-IMF Debt Sustainability Analysis1  \nDecember 2020  \nPrepared Jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF)  \nApproved by Marcello Estevão (IDA), Abebe Aemro Selassie and Chad Steinberg (IMF)  \nPub lic Disc losure Authorized  \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. All the projected external debt burden indicators are below their thresholds under the baseline, but the debt service-to-revenue ratio exceeds its threshold in the case of a market financing shock. In addition, the debt serviceto-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 and has further shrunk with the advent of the COVID-19 shock, reinforcing the urgent need to boost domestic revenue mobilization. The overall risk of public debt distress is also moderate, with public debt expected to gradually decrease over the projection horizon. The PV of public debt-to-GDP ratio remains below its prudent benchmark in both the baseline and shock scenarios.  \n1Under the revised Debt Sustainability Framework for Low-Income Countries, Côte d’Ivoire’s Composite Indicator is 2.97 based on the October 2019 WEO and the 2018 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. On SOE debt, the authorities have made progress in collecting further financial information and improving monitoring in past years. For end-2019, SOE non-guaranteed commercial debt amounted to 0.9 percent of GDP (0.1 external and 0.8 domestic) . 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 contingent liability shock − this shock is set atthe default 2 percent of GDP.  \n\n| Text Table 1. Côte d'Ivoire: Coverage of Public Sector Debt |  |  |  |  |\n| --- | --- | --- | --- | --- |\n|  |  | Subsectors of the public sector\u003Cbr>Central government\u003Cbr>State and local government\u003Cbr>Other elements in the general government 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 | Sub-sectors covered |  |\n|  | 1\u003Cbr>2\u003Cbr>3\u003Cbr>4\u003Cbr>5\u003Cbr>6\u003Cbr>7\u003Cbr>8 |  | X\u003Cbr>X\u003Cbr>X\u003Cbr>X |  |\n|  |  |  |  |  |\n\n2. Efforts to step up the government’s capacity to record and monitor public debt and contingent liability 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 a technical assistance (TA) mission in February to advance this task. Further IMF TA will continue as needed.  \n3. The magnitude of the shock of the contingent liability test applied in the context of the sensitivity analysis of this DSA reflect","cbCaigVpLbYEOox7","https://ap.wps.com/l/cbCaigVpLbYEOox7","pdf",453994,2,1,19,"English","en",105,"# Executive Summary\n## Risk of debt distress\n## Shock sensitivity and fiscal space\n# Public debt coverage\n## Scope and classification of public debt\n## SOE debt and contingent liabilities\n# Debt background\n## Recent trends in debt and external debt shares\n## Key debt ratios and benchmarks","[{\"question\":\"What is the overall risk of debt distress for Côte d’Ivoire?\",\"answer\":\"The document assesses the overall risk of both external debt distress and public debt distress as moderate.\"},{\"question\":\"Why does the debt service-to-revenue ratio matter in the analysis?\",\"answer\":\"Under baseline, the ratio stays below but close to its threshold; however, it exceeds the threshold under a market financing shock, indicating limited ability to absorb shocks.\"},{\"question\":\"How does the analysis treat state-owned enterprise (SOE) debt and contingent liabilities?\",\"answer\":\"Guaranteed SOE debt and on-lent debt are included in the baseline debt stock, while non-guaranteed SOE debt is captured as a contingent liability shock set at the default 2 percent of GDP.\"}]","Côte d’Ivoire - Joint World Bank-IMF Debt Sustainability Analysis - December 2020 | PDF",1784483055,48,{"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-december-2020","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,48,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":20},"https://docshare.wps.com/document/","Document",{"item":49,"name":12,"@type":44,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/cote-divoire-joint-world-bank-imf-debt-sustainability-analysis-december-2020/109923/",4,{"url":52,"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","2026-07-30","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 of debt distress for Côte d’Ivoire?","Question",{"text":76,"@type":77},"The document assesses the overall risk of both external debt distress and public debt distress as moderate.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Why does the debt service-to-revenue ratio matter in the analysis?",{"text":81,"@type":77},"Under baseline, the ratio stays below but close to its threshold; however, it exceeds the threshold under a market financing shock, indicating limited ability to absorb shocks.",{"name":83,"@type":74,"acceptedAnswer":84},"How does the analysis treat state-owned enterprise (SOE) debt and contingent liabilities?",{"text":85,"@type":77},"Guaranteed SOE debt and on-lent debt are included in the baseline debt stock, while non-guaranteed SOE debt is captured as a contingent liability shock set at the default 2 percent of GDP.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"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":20,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"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":22,"doc_module":4,"doc_module_name":47,"category_name":137,"show_sort_weight":107,"slug":138},"General","general"]