Policy Papers

Strengthening Debt Management Practices - Lessons from Country Experiences and Issues Going Forward

March 27, 2007

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Strengthening Debt Management Practices - Lessons from Country Experiences and Issues Going Forward, (USA: International Monetary Fund, 0) accessed September 19, 2024

Summary

This paper reviews Bank-Fund staff experience with strengthening public debt management (PDM) frameworks and capacity in developing countries. In 2001, the IMF and the World Bank developed sound practice guidelines in this area, followed by a pilot program to assist 12 countries develop and implement reforms. In addition, an assessment of PDM has been incorporated into surveillance work, where relevant, and included in other Bank and Fund advisory and technical assistance work. Based on these, the paper draws key lessons, identifies the continuing challenges facing debt managers, and proposes further capacity building and advisory work in PDM. The 12 countries in the pilot program were Bulgaria, Colombia, Costa Rica, Croatia, Indonesia, Kenya, Lebanon, Nicaragua, Pakistan, Sri Lanka, Tunisia, and Zambia.

Subject: Debt management, Public debt

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Notes

The paper was drafted by a staff team comprised of Allison Holland, Andrew Ndeti Kitili, Peter Kunzel, Brian Olden, Michael Papaioannou, Magdalena Polan, Bozena Elzbieta Radzewicz-Bak, Paul Ross and Jay Surti at the IMF and Phillip Anderson, Vikram Nehru, Abha Prasad, Marc Roland Thomas, Francis Rowe, Eriko Togo, Antonia Velandia, and Dana Weist at the World Bank. The preparation of the report was supervised by Udaibir S. Das (IMF) and Phillip Anderson and Vikram Nehru (The World Bank).