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Debt Management Performance Assessment Tool ( DeMPA)

Economic Policy and Debt Department. Debt Management Performance Assessment Tool ( DeMPA). Multilateral Development Banks Meeting Washington , DC 10 July 2008. Debt Management Performance Indicators (DeMPA). What is DeMPA?.

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Debt Management Performance Assessment Tool ( DeMPA)

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  1. Economic Policy and Debt Department Debt Management Performance Assessment Tool (DeMPA) Multilateral Development Banks Meeting Washington , DC 10 July 2008

  2. Debt Management Performance Indicators (DeMPA) What is DeMPA? • DeMPA is a methodology for assessing public debt management performance through a comprehensive set of indicators spanning the full range of government debt management (DeM) functions • It may be applied in all developing countries

  3. Debt Management Performance Indicators (DeMPA) Objectives • Assess debt management performance and monitor it over time • Enable design of actionable reform programs • Enhance donor harmonization based on common understanding of priorities

  4. Debt Management Performance Indicators (DeMPA) DeMPA toolkit • 15 Debt Management Performance Indicators (DPIs) and 35 dimensions • Covering 6 core debt management functions • Neutral regarding institutional arrangements • Indicators complemented by Guide • background information and rationale on each indicator • a list of supporting documentation • indicative questions

  5. Debt Management Performance Indicators (DeMPA)

  6. Debt Management Performance Indicators (DeMPA) Scoring method and coverage • Scoring methodology - quantifiable scores (A to D) • Meet minimum requirement = Score C • Absence of minimum= Score D • Sound practice = Score A (B intermediate for more granularity) • Not rated – if process/system does not exist • Coverage: Central Government debt management and connected activities • Borrowing and use of derivatives • Issue of loan guarantees • On-lending • Cash flow forecasting and cash balance management

  7. Debt Management Performance Indicators (DeMPA) Implementation of the DeMPA tool • Performance Report (about 20 pages): evaluates debt management performance based on indicators • Assessments developed and finalized with country authorities • Highlight strengths and areas for improving performance in debt management • No recommendations • No conditionality • Report released by country authorities

  8. Debt Management Performance Indicators (DeMPA)

  9. Debt Management Performance Indicators (DeMPA) Preliminary Results Picks up priority areas of reform and monitors progress X indicates deficiency √ indicates meeting with requirements

  10. Debt Management Performance Indicators (DeMPA) Preliminary Results

  11. Debt Management Performance Indicators (DeMPA) Preliminary Results

  12. Debt Management Performance Indicators (DeMPA) Preliminary Results

  13. Debt Management Performance Indicators (DeMPA) Preliminary Results

  14. Debt Management Performance Indicators (DeMPA) Key lessons from implementation • Avoid “indicator fatigue” – try to coordinate with other indicator assessments, e.g. PEFA, FSAP • Assessment process is a dialogue not an exam • Use quantitative and documentary evidence • Interact with relevant in-country DeM stakeholders: various government agencies – not just debt manager, market players, donor community, TA providers, etc.

  15. Debt Management Performance Indicators (DeMPA) Next steps • Continue to implement DeMPA where there is demand • Enhance coordination with TA providers • Report on program to Board early 2009 • Regional seminars, workshops and training • Geneva, DMFAS group - September 3-4 • Abuja, WAIFEM - December 3-4 • Nairobi, MEFMI - December 8-9 • Seek donor support to scale-up the work program • Follow-up essential

  16. Debt Management Performance Indicators (DeMPA) Debt Management Facility for Low Income Countries (DeMFLIC) • Facility would be a multi-donor trust fund for an initial period of four years • Funds used to scale up DeMPA and MTDS work programs, help design reform programs, enhance coordination • Sufficient donor support to formally announce in October 2008

  17. Debt Management Performance Indicators (DeMPA) MTDS TA & CB Programs Strengthening Debt Management Capacity DeMPA

  18. Debt Management Performance Indicators (DeMPA) Thank You Contact: Francis Rowe Email:Frowe@worldbank.org http://go.worldbank.org/W7V1F1A6S0

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