{"id":525,"date":"2019-09-14T13:56:02","date_gmt":"2019-09-14T13:56:02","guid":{"rendered":"https:\/\/www.africa-press.com\/gambia\/?p=525"},"modified":"2019-09-14T13:56:02","modified_gmt":"2019-09-14T13:56:02","slug":"world-bank-exhorts-ida-countries-on-sustainable-debt-management","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management","title":{"rendered":"World Bank exhorts IDA countries on sustainable debt management"},"content":{"rendered":"<p><strong>The World Bank 2019 Country Policy and Institutional Assessment Report (CPIA), has taken a closer look at debt management as the median government debt to GDP ratio reached 54.9 percent of GDP in 2018 ,an 18.5 percentage point increase since 2013.<\/strong><\/p>\n<p>It stated that macroeconomic management weakens while social inclusion policies improve slightly and raise concerns over debt sustainability in Africa\u2019s poorest countries who are members of the International Development Association IDA.<\/p>\n<p>The Washington 2019 report indicates<\/p>\n<p>that Africa\u2019s poorest countries saw little to no progress on average in improving the quality of their policy and institutional frameworks in 2018.<\/p>\n<p>It stated that the average CPIA score in Africa\u2019s 38 IDA countries which stands at 3.1 on a scale of 0 to 6 remained unchanged since 2018, with some areas of social policy seeing improvement whilst macroeconomic management weakens.<\/p>\n<p>\u201cThe rule of law, accountability, transparency and the quality of public administration remain to be major areas that impede the efficient use of public resources across the region,\u201d the report stated.<\/p>\n<p>The chief economist of World Bank, Albert Zeufack, stated in this report that some African countries are at the risk of mortgaging their people\u2019s future in favour of today\u2019s consumption.<\/p>\n<p>\u201cWhen countries spend most of their revenue on servicing debts, fewer resources would be left for education, health and critical services for their people and this stops progress in its tracks, he warned.<\/p>\n<p>\u201cThe increase in debt levels paired with shift of external debt toward more market based; more expensive and riskier sources of finance have increase debt vulnerabilities substantially among IDA countries in sub-Saharan Africa, he reveals.\u201d<\/p>\n<p>The report recommends that countries improve their debt management capabilities and systems which can enhance transparency and help to stabilise the economy in the long term.<\/p>\n<p>The report also acknowledges that fragile countries in\u00a0 sub-Saharan Africa have improved in the areas of gender equality, human development and environment stability, which it says bodes well for their ability to tackle the drivers of conflict and exclusion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank 2019 Country Policy and Institutional Assessment Report (CPIA), has taken a closer look at debt management as the median government debt to GDP ratio reached 54.9 percent of GDP in 2018 ,an 18.5 percentage point increase since 2013. It stated that macroeconomic management weakens while social inclusion policies improve slightly and raise [&hellip;]<\/p>\n","protected":false},"author":64,"featured_media":526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8],"tags":[412,413,414,411],"class_list":["post-525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","tag-2019-country-policy","tag-institutional-assessment-report-cpia","tag-sustainable-debt-management","tag-world-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>World Bank exhorts IDA countries on sustainable debt management - Gambia<\/title>\n<meta name=\"description\" content=\"The World Bank 2019 Country Policy and Institutional Assessment Report (CPIA), has taken a closer look at debt management as the median government debt to GDP ratio reached 54.9 percent of GDP in 2018 ,an 18.5 percentage point increase since 2013.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank exhorts IDA countries on sustainable debt management\" \/>\n<meta property=\"og:description\" content=\"The World Bank 2019 Country Policy and Institutional Assessment Report (CPIA), has taken a closer look at debt management as the median government debt to GDP ratio reached 54.9 percent of GDP in 2018 ,an 18.5 percentage point increase since 2013.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-14T13:56:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/2019\/09\/world_bank_ehxorts-d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"263\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"adama\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"adama\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management\"},\"author\":{\"name\":\"adama\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/a7488a69bb91ed4cb95c78165665a7c2\"},\"headline\":\"World Bank exhorts IDA countries on sustainable debt management\",\"datePublished\":\"2019-09-14T13:56:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management\"},\"wordCount\":335,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/2019\/09\/world_bank_ehxorts-d.jpg\",\"keywords\":[\"2019 Country Policy\",\"Institutional Assessment Report (CPIA)\",\"sustainable debt management\",\"World Bank\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/world-bank-exhorts-ida-countries-on-sustainable-debt-management\",\"name\":\"World Bank exhorts IDA countries on sustainable debt management - 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