Making Public Debt Public—Ongoing Initiatives and Reform Options
Policy Papers, July 31, 2023
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- Making Public Debt Public—Ongoing Initiatives and Reform Options
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Bibliographic details
- Published: July 31, 2023
- Series: Policy Papers
- DOI: https://doi.org/10.5089/9798400251382.007
Summary
- The paper develops and assesses options to improve public debt transparency.
- It makes the case, both conceptually and empirically, for greater public debt transparency.
- It examines factors hindering transparency, including capacity and governance gaps, and borrower and creditor incentives.
- It provides a high-level overview of existing initiatives to improve public debt transparency, identifying priorities for progress and policy gaps.
- It presents and analyzes the merits of a range of options to improve public debt transparency, drawn from reform proposals gaining prominence in policymaking circles while reflecting Fund policy priorities.
- The IMF could contribute to these reforms with actions within its mandate but would need significant additional resources.
Factors hindering transparency (framework used to guide options)
- Capacity gaps
- Governance gaps
- Borrower incentives
- Creditor incentives
Existing initiatives and identified priorities/gaps
- High-level overview of existing initiatives to improve public debt transparency is provided.
- Priorities for progress are identified.
- Policy gaps are identified.
Range of reform options analyzed
- Options are drawn from reform proposals gaining prominence in policymaking circles.
- Options reflect Fund policy priorities.
- The paper analyzes the merits of these options.
IMF role and resource implications
- The IMF could contribute to these reforms with actions within its mandate.
- Implementation by the IMF would require significant additional resources.
Content in this bundle
- Policy Paper