CPIA debt policy rating (1=low to 6=high) - Country Ranking

Definition: Debt policy assesses whether the debt management strategy is conducive to minimizing budgetary risks and ensuring long-term debt sustainability.

Source: World Bank Group, CPIA database (http://www.worldbank.org/ida).

See also: Thematic map, Time series comparison

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Rank Country Value Year
1 Georgia 5.00 2013
1 Cambodia 5.00 2018
3 Senegal 4.50 2018
3 Uganda 4.50 2018
3 Uzbekistan 4.50 2018
3 Azerbaijan 4.50 2010
3 Bolivia 4.50 2015
3 Indonesia 4.50 2006
9 Burkina Faso 4.00 2018
9 Bhutan 4.00 2018
9 Myanmar 4.00 2018
9 Niger 4.00 2018
9 Benin 4.00 2018
9 Kenya 4.00 2018
9 Kyrgyz Republic 4.00 2018
9 Nicaragua 4.00 2018
9 Vanuatu 4.00 2018
9 Moldova 4.00 2018
9 Tanzania 4.00 2018
9 Mali 4.00 2018
9 Bosnia and Herzegovina 4.00 2013
9 Madagascar 4.00 2018
9 Armenia 4.00 2013
9 Rwanda 4.00 2018
9 Nigeria 4.00 2018
9 Bangladesh 4.00 2018
9 India 4.00 2013
9 Albania 4.00 2006
9 Honduras 4.00 2018
9 Nepal 4.00 2018
31 Pakistan 3.50 2018
31 Cameroon 3.50 2018
31 Samoa 3.50 2018
31 Ethiopia 3.50 2018
31 Timor-Leste 3.50 2018
31 Ghana 3.50 2018
31 Sri Lanka 3.50 2015
31 Guyana 3.50 2018
31 Solomon Islands 3.50 2018
31 St. Vincent and the Grenadines 3.50 2018
31 Dem. Rep. Congo 3.50 2018
31 Lesotho 3.50 2018
31 Côte d'Ivoire 3.50 2018
31 Vietnam 3.50 2015
31 Serbia 3.50 2006
31 Papua New Guinea 3.50 2018
47 Angola 3.00 2013
47 Mauritania 3.00 2018
47 Liberia 3.00 2018
47 Tonga 3.00 2018
47 Comoros 3.00 2018
47 Mongolia 3.00 2018
47 Sierra Leone 3.00 2018
47 Guinea 3.00 2018
47 Dominica 3.00 2018
47 Togo 3.00 2018
47 Zambia 3.00 2018
47 Grenada 3.00 2018
47 Malawi 3.00 2018
60 São Tomé and Principe 2.50 2018
60 Tajikistan 2.50 2018
60 Lao PDR 2.50 2018
60 Guinea-Bissau 2.50 2018
60 Burundi 2.50 2018
60 Haiti 2.50 2018
60 Kiribati 2.50 2018
60 Central African Republic 2.50 2018
60 Djibouti 2.50 2018
60 St. Lucia 2.50 2018
60 Mozambique 2.50 2018
60 Afghanistan 2.50 2018
60 Cabo Verde 2.50 2018
73 Congo 2.00 2018
73 Yemen 2.00 2018
73 The Gambia 2.00 2018
73 Chad 2.00 2018
73 Tuvalu 2.00 2018
73 Zimbabwe 2.00 2018
79 Somalia 1.50 2017
79 Sudan 1.50 2018
81 Eritrea 1.00 2018

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Development Relevance: The International Development Association (IDA) is the part of the World Bank Group that helps the poorest countries reduce poverty by providing concessional loans and grants for programs aimed at boosting economic growth and improving living conditions. IDA funding helps these countries deal with the complex challenges they face in meeting the Millennium Development Goals. The World Bank's IDA Resource Allocation Index (IRAI) is based on the results of the annual Country Policy and Institutional Assessment (CPIA) exercise, which covers the IDA-eligible countries. Country assessments have been carried out annually since the mid-1970s by World Bank staff. Over time the criteria have been revised from a largely macroeconomic focus to include governance aspects and a broader coverage of social and structural dimensions. Country performance is assessed against a set of 16 criteria grouped into four clusters: economic management, structural policies, policies for social inclusion and equity, and public sector management and institutions. IDA resources are allocated to a country on per capita terms based on its IDA country performance rating and, to a limited extent, based on its per capita gross national income. This ensures that good performers receive a higher IDA allocation in per capita terms. The IRAI is a key element in the country performance rating.

Limitations and Exceptions: The CPIA exercise is intended to capture the quality of a country's policies and institutional arrangements, focusing on key elements that are within the country's control, rather than on outcomes (such as economic growth rates) that are influenced by events beyond the country's control. More specifically, the CPIA measures the extent to which a country's policy and institutional framework supports sustainable growth and poverty reduction and, consequently, the effective use of development assistance.

Statistical Concept and Methodology: All criteria within each cluster receive equal weight, and each cluster has a 25 percent weight in the overall score, which is obtained by averaging the average scores of the four clusters. For each of the 16 criteria countries are rated on a scale of 1 (low) to 6 (high). The scores depend on the level of performance in a given year assessed against the criteria, rather than on changes in performance compared with the previous year. All 16 CPIA criteria contain a detailed description of each rating level. In assessing country performance, World Bank staff evaluate the country's performance on each of the criteria and assign a rating. The ratings reflect a variety of indicators, observations, and judgments based on country knowledge and on relevant publicly available indicators. In interpreting the assessment scores, it should be noted that the criteria are designed in a developmentally neutral manner. Accordingly, higher scores can be attained by a country that, given its stage of development, has a policy and institutional framework that more strongly fosters growth and poverty reduction. The country teams that prepare the ratings are very familiar with the country, and their assessments are based on country diagnostic studies prepared by the World Bank or other development organizations and on their own professional judgment. An early consultation is conducted with country authorities to make sure that the assessments are informed by up-to-date information. To ensure that scores are consistent across countries, the process involves two key phases. In the benchmarking phase a small representative sample of countries drawn from all regions is rated. Country teams prepare proposals that are reviewed first at the regional level and then in a Bankwide review process. A similar process is followed to assess the performance of the remaining countries, using the benchmark countries' scores as guideposts. The final ratings are determined following a Bankwide review. The overall numerical IRAI score and the separate criteria scores were first publicly disclosed in June 2006.

Aggregation method: Unweighted average

Periodicity: Annual