[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109723-en":3,"doc-seo-109723-105":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},109723,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Republic of South Sudan - Joint World Bank-IMF Debt Sustainability Analysis - November 2020","Joint World Bank-IMF Debt Sustainability Analysis for the Republic of South Sudan (November 2020) evaluates risks to external and overall public debt following developments since the May 2019 assessment. It incorporates a debt restructuring agreement with Qatar National Bank, updated fiscal/monetary commitments, higher oil production, and COVID-19’s adverse effects via collapsing oil prices. The assessment finds high risk of debt distress under the baseline, with temporary indicator breaches, while projecting sustainability from 2024/25 onward. Risks remain skewed downward due to subdued oil prices, fragile peace implementation, and weak macroeconomic adjustment commitment.","Public Disclosure Authorized Public Disclosure Authorized  \nINTERNATIONAL DEVELOPMENT ASSOCIATION  \nINTERNATIONAL MONETARY FUND  \nREPUBLIC OF SOUTH SUDAN  \nJoint World Bank-IMF Debt Sustainability Analysis  \nNovember 2020  \nPrepared Jointly by the staffs ofthe International Development Association (IDA)  \nand the International Monetary Fund (IMF) Approved by Marcello Estevão (IDA), David Owen and Gavin Gray (IMF)  \n\n| Republic of South Sudan: Joint Bank-Fund Debt Sustainability Analysis |  |\n| --- | --- |\n| Risk of external debt distress | High |\n| Overall risk of debt distress | High |\n| Granularity in the risk rating | Sustainable |\n| Application of judgment | No |\n\nThe new baseline in this Debt Sustainability Analysis (DSA) reflects notable developments since the last assessment in May 2019: a debt restructuring agreement with Qatar National Bank; the authorities’ commitment to implement prudent fiscal and monetary policies, and stop engaging in oil advances and highly non-concessional debt going forward; higher oil production; and the adverse impact of the COVID-19 crisis. The pandemic predominantly affects South Sudan’s economy through the collapse in oil prices which, in turn, gives rise to a large current account deficit and less favorable fiscal position, leading to larger financing needs. South Sudan’s debt is assessed to be sustainable on a forward-looking basis with a high risk of debt distress for both external and overall public debt.1 Specifically, factoring in the adverse impact of the COVID-19 pandemic and fundamental changes discussed above, there are temporary breaches in two out of seven debt indicators under the baseline scenario (debt service-to-revenues ratio of external public debt and present value (PV) of debt-toGDP ratio of overall public debt) . These breaches suggest a high risk of external and overall public debt distress. However, all external and overall public debt indicators are expected tobe below the respective thresholds from 2024/25 onwards, contingent on the authorities’commitment to cap the deficit in 2020/21 and undertake an ambitious, yet feasible, fiscal adjustment over the medium term. On this forward-looking basis, South Sudan’s external and overall debt are assessed to be sustainable. Given the rapidly evolving nature of the COVID-19 pandemic, risks are heavily tilted to the downside. They include subdued oil prices, deadlock in implementing sustainable peace, and lack of political commitment to implement strong macroeconomic adjustment measures.  \n1 South Sudan’s debt-carrying capacity remains rated “weak” with composite indicator score of 1.54 according to the April 2020 vintage of World Economic Outlook and the 2018 Country Policy and Institutional Assessment index.  \nBACKGROUND  \nPublic Debt Coverage  \n1. TheDSA covers central government debt. South Sudan faces significant weaknesses with the availability of debt data. Complete information about SOE debt and government guarantees is unavailable, and this leads to the omission of SOEs in the DSA.2 The size of government guarantees is negligible; thus, the contingent liability stress test includes only SOE debt and financial market shocks. The external debt is defined using the currency criterion.  \nSubsectors of the public sector  \n1 Central government  \n2 State and local government  \n3 Other elements in the general government  \n4 o/w: Social security fund  \n5 o/w: Extra budgetary funds (EBFs)  \n6 Guarantees (to other entities in the public and private sector, including to SOEs)  \n7 Central bank (borrowed on behalf of the government)  \n8 Non-guaranteed SOE debt  \nSub-sectors covered  \nX  \nX  \n 1 The country's coverage of public debt The central government, central bank  \nDefault  \nUsed for the analysis  \nReasons for deviations from the default settings  \n2 Other elements of the general government not captured in 1.  \n3 SoE's debt (guaranteed and not guaranteed by the government) 1/  \n4 PPP  \n5 Financial market (the default value ","cbCaivy3xSgurrzn","https://ap.wps.com/l/cbCaivy3xSgurrzn","pdf",476183,2,1,17,"English","en",105,"# Risk assessment and baseline scenario outcomes\n## COVID-19 impacts and temporary indicator breaches\n# Debt coverage and public sector subsectors\n## Central government coverage and data constraints\n# Debt restructuring developments\n## Agreement with Qatar National Bank","[{\"question\":\"What is the overall debt distress risk level for South Sudan in this analysis?\",\"answer\":\"The analysis rates both external debt distress risk and overall risk of debt distress as high under the baseline scenario.\"},{\"question\":\"How does COVID-19 affect South Sudan’s debt outlook?\",\"answer\":\"COVID-19 mainly worsens the economy through collapsing oil prices, which leads to a larger current account deficit and weaker fiscal conditions, increasing financing needs and contributing to indicator breaches.\"},{\"question\":\"Why are some public entities excluded from the debt sustainability analysis?\",\"answer\":\"The analysis covers central government debt but omits SOEs because complete information on SOE debt and government guarantees is unavailable, despite efforts to improve data availability.\"}]","Republic of South Sudan - Joint World Bank-IMF Debt Sustainability Analysis - November 2020 | PDF",1784482076,43,{"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},"republic-of-south-sudan-joint-world-bank-imf-debt-sustainability-analysis-november-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/republic-of-south-sudan-joint-world-bank-imf-debt-sustainability-analysis-november-2020/109723/",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 debt distress risk level for South Sudan in this analysis?","Question",{"text":76,"@type":77},"The analysis rates both external debt distress risk and overall risk of debt distress as high under the baseline scenario.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"How does COVID-19 affect South Sudan’s debt outlook?",{"text":81,"@type":77},"COVID-19 mainly worsens the economy through collapsing oil prices, which leads to a larger current account deficit and weaker fiscal conditions, increasing financing needs and contributing to indicator breaches.",{"name":83,"@type":74,"acceptedAnswer":84},"Why are some public entities excluded from the debt sustainability analysis?",{"text":85,"@type":77},"The analysis covers central government debt but omits SOEs because complete information on SOE debt and government guarantees is unavailable, despite efforts to improve data availability.","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":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]