DR Congo Debt Sustainability: A Quinquennial Assessment
International Journal of Science, Technology and Society
Volume 7, Issue 1, January 2019, Pages: 8-13
Received: Dec. 28, 2018; Accepted: Feb. 11, 2019; Published: Mar. 1, 2019
Views 351      Downloads 104
Authors
Dieu-Merci Akonkwa Nyamuhirwa, Center of Expertise in Mining Sector Management (CEGEMI), Faculty of Economics, Catholic University of Bukavu (UCB), Bukavu, DR Congo
Jean-Baptiste Ntagoma Kushinganine, Faculty of Economics, Catholic University of Bukavu (UCB), Bukavu, DR Congo
Article Tools
Follow on us
Abstract
The sustainability of the debt is an important pillar of a healthy economy, especially as it illustrates a country's ability to meet its debt obligations without recourse to debt relief or arrears. This paper analyzes the sustainability of DR Congolese public debt. It starts from the origin of the debt through the analysis of the situation after the completion point of the PPTE initiative to finally analyze the sustainability of the public debt and the risks it faces. Globally, it was noted that without the PPTE initiative, the DRC's external debt indicators would have exceeded the applicable thresholds: 30% of GDP, 100% of exports and 200% of revenues, but once they reach the completion point these ratios fell below the applicable thresholds: 24.4% of GDP, 42% of exports, and 124.3% of revenues.
Keywords
Sustainability, Public Debt, Sustainability of Public Debt
To cite this article
Dieu-Merci Akonkwa Nyamuhirwa, Jean-Baptiste Ntagoma Kushinganine, DR Congo Debt Sustainability: A Quinquennial Assessment, International Journal of Science, Technology and Society. Vol. 7, No. 1, 2019, pp. 8-13. doi: 10.11648/j.ijsts.20190701.12
Copyright
Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
References
[1]
AfDB. Democratic Republic of Congo: Completion Point Document under the Enhanced PPTE Initiative. African development bank. (2011).
[2]
DGDP. Statistical bulletin of the public debt. General Direction of Public Debt. (2010).
[3]
DGDP. Statistical bulletin of the public debt. General Direction of Public Debt. (2011).
[4]
DGDP. Statistical bulletin of the public debt. General Direction of Public Debt. (2012).
[5]
DGDP. Statistical bulletin of the public debt. General Direction of Public Debt. (2013).
[6]
DGDP. Statistical bulletin of the public debt. General Direction of Public Debt. (2014).
[7]
DGDP. Statistical bulletin of the public debt. General Direction of Public Debt. (2015-2017).
[8]
DGDP. Annual Report. General Direction of Public Debt. (2011-2017).
[9]
IOB-SES. Evaluation of debt relief in the Democratic Republic of Congo. SES. (2012).
[10]
OED. PPTE Initiative: Achievement and Prospects. World Bank. (2003).
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186