Designing Legal Frameworks for Public Debt Management

Author/Editor:

Elsie Addo Awadzi

Publication Date:

July 2, 2015

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Sustainable public debt has gained renewed attention as countries implement fiscal consolidation measures in the aftermath of the global financial crisis. Sound public debt policies and debt management practices require robust legal underpinnings. Complex legal issues however arise in the design of the legal framework, and tradeoffs are required in many instances. This paper analyzes key features of modern public debt management legal frameworks, drawing from examples in advanced, emerging, and frontier markets. It aims to provide guidance for countries that seek to review and strengthen their public debt management legal frameworks.

Series:

Working Paper No. 15/147

Subject:

English

Publication Date:

July 2, 2015

ISBN/ISSN:

9781513529561/1018-5941

Stock No:

WPIEA2015147

Format:

Paper

Pages:

57

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