Managing public debt : from diagnostics to reform implementation

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, g...

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Bibliographic Details
Corporate Author: World Bank
Format: Book
Language:English
Published: Washington, D.C. : World Bank, [2007], ©2007
Washington, D.C. : c2007
Washington, D.C. : ©2007
Washington, D.C. : [2007]
Subjects:
Table of Contents:
  • 1 Introduction
  • 2. Designing and implementing reforms : an overview
  • 3. Debt management strategy and risk management
  • 4. Coordination between debt management, fiscal policy, monetary policy, and cash management
  • 5. Governance
  • 6. Capacity : staff and debt management systems.
  • 1 Introduction
  • 2. Designing and implementing reforms : an overview
  • 3. Debt management strategy and risk management
  • 4. Coordination between debt management, fiscal policy, monetary policy, and cash management
  • 5. Governance
  • 6. Capacity : staff and debt management systems.
  • 2 Designing and Implementing Reforms: An Overview 7
  • The Diagnostic Stage 7
  • Designing Reforms 10
  • Sustaining the Reform Process 12
  • Implications for Providers of Assistance 14
  • Future Work 15
  • 3 Debt Management Strategy and Risk Management 17
  • Diagnostics in Pilot Countries 19
  • Action Plans and Reform Experiences 26
  • Conclusions and Insights 32
  • 4 Coordination between Debt Management, Fiscal Policy, Monetary Policy, and Cash Management 35
  • Diagnostics in Pilot Countries 36
  • Action Plans and Reform Experiences 42
  • Conclusions and Insights 45
  • 5 Governance 49
  • Debt Management Objectives and the Legal Framework 50
  • Organizational Arrangements 58
  • Accountability, Transparency, and Auditing 64
  • Conclusions and Insights 71
  • 6 Capacity: Staff and Debt Management Systems 75
  • Staff Capacity 75
  • Debt Management Systems 82
  • Conclusions and Insights 87