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Public Debt Risks Management

Public Debt Risks Management. Prepared by-Dr. Mansour Albutani Sana’a- Republic of Yemen. Introduction.

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Public Debt Risks Management

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  1. Public Debt Risks Management Prepared by-Dr. Mansour Albutani Sana’a- Republic of Yemen

  2. Introduction • The mean and the standardized deviation are used to analyze the results. The “T” one-sample test is used to know whether the answers will go to positivity (agree/ fully agree) or to the negativity (don’t agree/don’t agree to some extend/ fully don’t agree). The following are the results for each sub and main variants:

  3. Evaluation of the Public Debt Management Status in Yemen and Jordan • the evaluation of the public debt management status in Yemen shows there is no law for public debt on while in Jordan is the opposite. There is no précised and visible strategy was followed in the public debt management in Yemen while in Jordan there is a précised and visible strategy was followed in the public debt management. There were no specificgoals and policies in public debt management in Yemen but in Jordan we found there are specific goals and policies in public debt management.

  4. Evaluation of Public Debt Risks Management In Jordan, there was an effective and accurate system to predict the various public debt risks "Early Whistle Blower", while in Yemen there was no an effective and accurate system. In Jordan, the department depends on a distinct and approved tools and measures, all measures are taken to assess risks related to size and structure of public debt according to International Standards for risks reduction. While in Yemen, we found the opposite.

  5. Public Debt Risks Obstacles The results shows that there are some obstacles in public debt management, the main one of them is the duplication of duties and responsibilities and lack of co-ordination between parties concerned in public debt management is a major obstacle facing public debt management in both countries. lack of accounting and financial systems in public debt management are one of the obstacles in both countries, absence of training programs for human resources in t field of public debt management , and incompetency of staff dealing with the public debt management to predict the various risks in public debt, management.

  6. Factors of Developing Public Debt Risks Management They study reaches to have a necessary positive steps in developing the public debt in Yemen and Jordan, the main those steps are: • Enhancing internal control systems in all public debt management operations. • Necessity of establishing appropriate organizational structures for public debt department which enable it to do its mandate effectively and efficiently as required. • Necessity for issuing laws and regulations defining policies and objectives of local and foreign public debt.

  7. The relationship Between Public Debt Status and Related Departments • The absence of precised strategy, goals, policies and procedures for public debt management are the main factors will affect on the weakness of the Evaluation system of public debt in Yemen

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