Managing Public Debt : From Diagnostics to Reform Implementation.
Title:
Managing Public Debt : From Diagnostics to Reform Implementation.
Author:
Bank, World.
ISBN:
9780821368732
Personal Author:
Physical Description:
1 online resource (140 pages)
Contents:
CONTENTS -- Preface -- Executive Summary -- 1 Introduction -- 2 Designing and Implementing Reforms: An Overview -- The Diagnostic Stage -- Designing Reforms -- Sustaining the Reform Process -- Implications for Providers of Assistance -- Future Work -- 3 Debt Management Strategy and Risk Management -- Diagnostics in Pilot Countries -- Action Plans and Reform Experiences -- Conclusions and Insights -- 4 Coordination between Debt Management, Fiscal Policy, Monetary Policy, and Cash Management -- Diagnostics in Pilot Countries -- Action Plans and Reform Experiences -- Conclusions and Insights -- 5 Governance -- Debt Management Objectives and the Legal Framework -- Organizational Arrangements -- Accountability, Transparency, and Auditing -- Conclusions and Insights -- 6 Capacity: Staff and Debt Management Systems -- Staff Capacity -- Debt Management Systems -- Conclusions and Insights -- Appendix -- Notes -- References -- Index -- BOXES -- 3.1 Elements of a Debt Management Strategy -- 3.2 Indonesia's General Strategy in State Debt Management for 2005-09 -- 5.1 Rationale for a Consolidated Law on Public Debt Management: Colombia -- 5.2 The Anglo Leasing Corruption Scandal in Kenya -- 6.1 Capacity Building through the Macroeconomic and Financial Management Institute of Eastern and Southern Africa -- 6.2 Building Debt Management Capacity in Kenya: Experience of the Swedish Agency for International Development Cooperation -- 6.3 IT Reform Experience in Colombia -- FIGURES -- 3.1 Elements of a Debt Management Strategy -- 5.1 Governance Structure and Accountability -- TABLES -- 1.1 Key Indicators for 12 Pilot-Program Countries, year end 2005 -- 3.1 Debt Composition in the 12 Pilot-Program Countries -- 3.2 Examples of Conflicting Debt Management Strategies for Subportfolios -- 3.3 Bulgaria's Strategic Targets, 2003-06.
3.4 Changes in the Composition of External and Domestic Debt of Pilot-Program Countries -- 4.1 Debt Levels and Debt Burdens in Pilot-Program Countries -- 4.2 Central Bank's Decision-Making Authority for Domestic Debt Management -- 5.1 Authorizations Required by Parliament and Other Institutions for External Borrowing -- 5.2 Reporting Requirements Specified in the Legal Framework -- 6.1 Debt-Recording Systems in Pilot-Program Countries -- A.1 Summary of Legislative Framework in Public Debt Management in the 12 Pilot Countries -- A.2 Distribution of Debt Management Functions.
Abstract:
High-quality public debt management plays a critical role in reducing the vulnerability of developing countries to financial crises. With sound risk and cash management, effective coordination with fiscal and monetary policy, good governance, and adequate institutional and staff capacity in place, governments can develop and implement effective medium-term debt management strategies. Managing Public Debt: From Diagnostics to Reform Implementation draws insights from a joint pilot program set up by the World Bank and International Monetary Fund to design relevant reform and capacity-building programs in twelve countries. The experiences of these geographically and economically diverse countries - Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia - illustrate the challenges and elements necessary to make progress in the area of public debt management. Managing Public Debt will serve government officials contemplating or in the process of reforming their practices, providers of technical assistance, and practitioners working on building capacity in public debt management. Because effective implementation of debt management strategies also requires a developed domestic government debt market, readers will also be interested in the companion volume, Developing the Domestic Government Debt Market, published by The World Bank in February 2007, based on the same joint pilot program.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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