Rwanda- Joint World Bank-IMF Debt Sustainability Analysis

World Bank ; International Monetary Fund

World Bank, Washington, DC

关键词: DEBT DISTRESS;    PUBLIC SECTOR DEBT;    DEBT SERVICE BURDEN;    CONTINGENT LIABILITY;    PUBLIC AND PUBLICLY GUARANTEED DEBT;   

RP-ID  :  142484

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

An updated joint assessment ofRwanda's debt sustainability suggests continued lowrisk of external debt distress. External debt burdenindicators remain below risk thresholds, except for a shortand temporary breach of debt service indicators in 2023,when the Eurobond issued in 2013 matures. The main risk todebt sustainability––and macroeconomic stability––remainsexternal shocks. Balancing Rwanda's still-strong publicinvestment needs with maintaining low risks of debtdistress, the government is focused on carefully choosingthe highest return projects, financed under the mostfavorable terms. These principles are laid out inRwanda's Medium-Term Debt Strategy, as are options forhelp mitigating potential risks. More broadly, thegovernment is focused on creating a larger and morediversified export base while encouraging more privateinvestment, to help secure high and resilient growth overthe long term. Forthcoming results of fiscal risk analysiswill help identify if there could be additional contingentliabilities that should be included in the next DSA.