{
  "title": "Making Public Debt Public—Ongoing Initiatives and Reform Options",
  "publication": "Policy Papers, July 31, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2023/07/28/making-debt-public-debt-ongoing-initiatives-and-reform-options-537306",
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  "summary": "The paper develops and assesses options to improve public debt transparency. It first makes the case, both conceptually and empirically, for greater public debt transparency.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The paper develops and assesses options to improve public debt transparency.\n- It makes the case, both conceptually and empirically, for greater public debt transparency.\n- It examines factors hindering transparency, including capacity and governance gaps, and borrower and creditor incentives.\n- It provides a high-level overview of existing initiatives to improve public debt transparency, identifying priorities for progress and policy gaps.\n- 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.\n- The IMF could contribute to these reforms with actions within its mandate but would need significant additional resources."
    },
    {
      "heading": "Factors hindering transparency (framework used to guide options)",
      "content": "- Capacity gaps\n- Governance gaps\n- Borrower incentives\n- Creditor incentives"
    },
    {
      "heading": "Existing initiatives and identified priorities/gaps",
      "content": "- High-level overview of existing initiatives to improve public debt transparency is provided.\n- Priorities for progress are identified.\n- Policy gaps are identified."
    },
    {
      "heading": "Range of reform options analyzed",
      "content": "- Options are drawn from reform proposals gaining prominence in policymaking circles.\n- Options reflect Fund policy priorities.\n- The paper analyzes the merits of these options."
    },
    {
      "heading": "IMF role and resource implications",
      "content": "- The IMF could contribute to these reforms with actions within its mandate.\n- Implementation by the IMF would require significant additional resources.\n\n---\n\n Content in this bundle\n\n- Policy Paper\n  - Policy Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Policy Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2023/07/28/making-debt-public-debt-ongoing-initiatives-and-reform-options-537306"
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    "Published: July 31, 2023",
    "Series: Policy Papers",
    "DOI: https://doi.org/10.5089/9798400251382.007",
    "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.",
    "Capacity gaps",
    "Governance gaps",
    "Borrower incentives",
    "Creditor incentives",
    "High-level overview of existing initiatives to improve public debt transparency is provided.",
    "Priorities for progress are identified.",
    "Policy gaps are identified.",
    "Options are drawn from reform proposals gaining prominence in policymaking circles.",
    "Options reflect Fund policy priorities.",
    "The paper analyzes the merits of these options.",
    "The IMF could contribute to these reforms with actions within its mandate.",
    "Implementation by the IMF would require significant additional resources.",
    "**Policy Paper**"
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