UPDATE OF GUIDELINES FOR PUBLIC DEBT MANAGEMENT. Sudarshan Gooptu Sector Manager PREM Economic Policy and Debt, World Bank MDB Meetings, Washington DC May 6-7, 2014. Presentation Outline. Background Public Debt Management Guidelines Need for Updating Process of Updating
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
PREM Economic Policy and Debt, World Bank
MDB Meetings, Washington DC
May 6-7, 2014.
1.Debt management objectives and coordination;
2. Transparency and accountability;
3. Institutional framework;
4. Debt management strategy;
5. Risk management framework; and
6. Development and maintenance of an efficient market for government securities.
Debt Management Objectives remain same: To raise required funding at lowest possible cost within a given risk tolerance
Revisions include useful coordination between fiscal policy and debt management
Greater guidance on enhancing communication with investors, especially during periods of crisis
Further guidance on collective action clauses (CACs) was considered necessary
Please visit http://go.worldbank.org/48MIDC8BH0