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Public Debt Management in Developing Countries:

This comprehensive guide explores key policy, institutional, and operational issues in managing public debt in developing countries. It covers sound macroeconomic policies, debt management guidelines, strategies, risk management, and market efficiency.

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Public Debt Management in Developing Countries:

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  1. Public Debt Management in Developing Countries: Key Policy, Institutional, and Operational issues by Tomás J. Baliño and V. Sundararajan Centennial Group Holdings, LLC

  2. Table 1: Evolution of Foreign Currency and Short Term Debt in Selected Countries

  3. Table 2: Selected foreign debt burden indicators

  4. Public debt management issues • Requirement: Sound macroeconomic policies • Fiscal • Monetary • Objectives: • Sustainable debt path (DSA) • Minimize government debt cost (Guidelines)

  5. Guidelines for Public Debt Management • Debt management objectives and coordination • Transparency and accountability • Institutional framework • Debt management strategy • Risk management framework • Development and maintenance of an efficient market for government securities

  6. Implementing Guidelines--Progress • Improving Debt Structure • Developing and Publishing Debt Management Strategy • Improving Governance Framework • Improving Transparency and Communication with the Market • Developing Domestic Public Debt Markets

  7. Implementing Guidelines--Problems • Incomplete Strategies • Fragmented Responsibilities • Lack of Medium-Term Debt Strategy

  8. Key Issues • Comprehensive, publicized debt strategy • Asset-liability management framework • Coordination with central bank • Development of domestic debt market

  9. Conclusions • Progress has been made • Need to avoid past problems • Sound macroeconomic management • Upgraded debt management • Country ownership and international cooperation

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