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...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
The World Bank
2018
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| Series: | World Bank E-Library Archive
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| Online Access: | |
| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | 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 |
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