Public Debt Management Forum Confronts the Changes, Innovations and Future Challenges in Sovereign Markets
IMF News, June 2, 2017
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Bibliographic details
- Published: June 2, 2017
Event overview
- Press Release No. 17/205
- Date: June 2, 2017
- Forum: Sixteenth Public Debt Management Forum
- Hosts: International Monetary Fund (IMF) and the Mexican Ministry of Finance
- Dates held: June 1-2
- Participants: senior officials from 31 advanced and emerging market economies, international financial institutions, and leading global and Mexican private sector firms
- Media contact: PRESS OFFICER: Randa Mohamed Elnagar; Phone: +1 202 623-7100; Email: MEDIA@IMF.org
Key messages and findings
- Traditional approaches to sovereign debt management will have to adapt to cope with:
- new risks
- structural and regulatory changes
- major macroeconomic shifts in advanced and developing economies
- These changes affect sovereign issuance strategies and present both opportunities and challenges.
- Debt management underpins the credibility and reputation of a sovereign and reinforces the stability of:
- debt markets
- financial institutions that hold public debt (statement by Mr. Tao Zhang, IMF’s Deputy Managing Director)
- The IMF engages in debt management through:
- policy advice and analysis with member countries
- regional and global analysis
- forward-thinking analysis of critical issues like medium-term debt strategy and local currency bond markets
- technical assistance and capacity building
Perspectives from hosts
- Mr. Tao Zhang (IMF Deputy Managing Director):
- Emphasized the role of debt management in sovereign credibility and market stability.
- Highlighted IMF engagement in analysis, advice, and capacity building on debt management.
- Ms. Vanessa Rubio (Deputy Minister of Finance, Mexico):
- Framed the Forum as an opportunity for Mexico to contribute ideas, experiences, and policy actions to address challenges facing debt managers.
- Noted that Mexico’s debt management strategy, as part of a comprehensive set of policy actions aimed to strengthen economic fundamentals, has been an important tool to support markets.
- Applauded the Forum as a stage to promote innovation in debt management to enhance efficiency and contribute to financial stability.
Forward-looking note
- The next IMF Public Debt Management Forum will take place in 2019. Details will be announced closer to the time.
IMF Press Release No. 17/205, June 2, 2017