Tuvalu: Joint Bank-Fund Debt Sustainability Analysis, 2018

The DSA concludes that Tuvalu remains at a high risk of debt distress, in line with the 2016 DSA conclusion. External debt has breached several thresholds as of 2017, including for the present value of debt-to-GDP. Risks to debt sustainability remain high due to elevated current spending, a projecte...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Körperschaft: International Development Association (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2018
Schriftenreihe:World Bank E-Library Archive
Online-Zugang:kostenfrei
Zusammenfassung:The DSA concludes that Tuvalu remains at a high risk of debt distress, in line with the 2016 DSA conclusion. External debt has breached several thresholds as of 2017, including for the present value of debt-to-GDP. Risks to debt sustainability remain high due to elevated current spending, a projected decline in fishing revenue and grants, and risks of natural disasters. A persistent fiscal deficit is projected to deplete fiscal buffers and cause the present value of debt-to-GDP to breach its indicative threshold in the long run. This underscores the importance of containing the fiscal deficit and maintaining buffers
Beschreibung:1 Online-Ressource
DOI:10.1596/30908