Given the limited resource available to meet the development aspirations of a country, governments usually resort to debt financing from domestic and external sources in order to undertake development projects and programs.
... See More + In this regard, the Government of Ghana has developed its medium-term debt management strategy (MTDS, 2015-2017) to ensure that the financing requirements are met at the lowest possible cost with prudent degree of risk and to develop the domestic debt market. The MTDS seeks to provide more cost-efficient access to the international and domestic capital markets to meet government's development needs. The essence of the MTDS primarily focuses on determining the appropriate composition of the debt portfolio, taking into account the macroeconomic framework and the market environment. The MTDS provides guidance on the appropriate mix of financing from different sources in the context of the trade-off between cost minimization and financial risk reduction. This strategy is structured as follows: section one gives introduction; section two outlines the recent macroeconomic developments; section three presents succinctly the cost and risk of the debt portfolio; section four describes the borrowing strategy over the medium term; current debt management policies which are on-going and will support the strategy are presented in section five; and the conclusion is in section six.
See Less -
This medium term debt management strategy (MTDS) for Ethiopia provides a framework for developing an effective public sector debt management strategy that aims to achieve a desired composition of the public sector debt portfolio that reflects a cost-risk analysis and captures the government's preferences with regard to the cost-risk trade-off.
... See More + This MTDS is considered a tool for evaluating and managing the risk involved with different debt compositions; facilitating coordination with fiscal and monetary management; and enhancing transparency. It ensures that the government's financing needs and payment obligations are met at the lowest possible cost consistent with a prudent degree of risk.
See Less -
The objective of debt management in Kenya is to finance the Government financing requirements at the least cost with a prudent degree of risk. The 2011 Medium Term Debt Strategy (MTDS) outlines the government's preferred strategy to guide debt management operations in FY2011-12.
... See More + It seeks to balance the cost and risk of both the existing public debt portfolio and alternative borrowing mix. This report explores the objectives of debt management in Kenya, an overview of the previous medium term debt strategy, key developments, characteristics of the existing debt portfolio, outcomes of analysis of strategies, debt sustainability and implementing the 2011 MTDS.
See Less -
The objective of debt management in Kenya is to finance the Government financing requirements at the least cost with a prudent degree of risk. The 2010 Medium Term Debt Strategy (MTDS) is a versatile public debt management tool linked to the medium term fiscal framework that contains prudent revenue projections and planned expenditures consistent with Kenya's economic recovery effort.
... See More + The strategy seeks to address the terms of new borrowing, including the appropriate mix between domestic and external debt. This report explores the objectives of debt management in Kenya, an overview of the previous medium term debt strategy, key developments, characteristics of the existing debt portfolio, outcomes of analysis of strategies, debt sustainability and implementing the 2010 MTDS.
See Less -
In May 2007, the World Bank and International Monetary Fund (IMF) Boards discussed the paper 'strengthening debt management practices'. In those discussions, the Boards of both institutions endorsed a public debt management (PDM) work program that was particularly focused on strengthening frameworks and capacity in low income countries (LICs).
... See More + This comprised three main elements: (i) develop a toolkit to help LICs formulate an effective Medium-Term Debt Management Strategy (MTDS) and apply it in 4-6 countries a year; (ii) undertake debt management performance assessments; and (iii) continue the provision of debt management and domestic market development technical assistance (TA) and advisory services to middle-income countries (MICs). This paper is a response to the Boards' request for an update on the development and implementation of that work program. This paper reports on progress in supporting efforts to strengthen the Public Debt Management (PDM) framework in developing economies, with a special focus on the needs of LICs. It highlights lessons learned in the development and implementation of the toolkits designed for this purpose, and proposes a way forward for the Bank and the Fund to extend and deepen the program. The paper will also report on ongoing PDM work in MICs.
See Less -
In May 2007, the World Bank and International Monetary Fund (IMF) Boards discussed the paper 'strengthening debt management practices'. In those discussions, the Boards of both institutions endorsed a public debt management (PDM) work program that was particularly focused on strengthening frameworks and capacity in low income countries (LICs).
... See More + This comprised three main elements: (i) develop a toolkit to help LICs formulate an effective Medium-Term Debt Management Strategy (MTDS) and apply it in 4-6 countries a year; (ii) undertake debt management performance assessments; and (iii) continue the provision of debt management and domestic market development technical assistance (TA) and advisory services to middle-income countries (MICs). This paper is a response to the Boards' request for an update on the development and implementation of that work program. This paper reports on progress in supporting efforts to strengthen the Public Debt Management (PDM) framework in developing economies, with a special focus on the needs of LICs. It highlights lessons learned in the development and implementation of the toolkits designed for this purpose, and proposes a way forward for the Bank and the Fund to extend and deepen the program. The paper will also report on ongoing PDM work in MICs.
See Less -
In May 2007, the World Bank and International Monetary Fund (IMF) Boards discussed the paper 'strengthening debt management practices'. In those discussions, the Boards of both institutions endorsed a public debt management (PDM) work program that was particularly focused on strengthening frameworks and capacity in low income countries (LICs).
... See More + This comprised three main elements: (i) develop a toolkit to help LICs formulate an effective Medium-Term Debt Management Strategy (MTDS) and apply it in 4-6 countries a year; (ii) undertake debt management performance assessments; and (iii) continue the provision of debt management and domestic market development technical assistance (TA) and advisory services to middle-income countries (MICs). This paper is a response to the Boards' request for an update on the development and implementation of that work program. This paper reports on progress in supporting efforts to strengthen the Public Debt Management (PDM) framework in developing economies, with a special focus on the needs of LICs. It highlights lessons learned in the development and implementation of the toolkits designed for this purpose, and proposes a way forward for the Bank and the Fund to extend and deepen the program. The paper will also report on ongoing PDM work in MICs.
See Less -
