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Revised guidelines for public debt management (Inglês)

The International Monetary Fund (IMF)-World Bank guidelines for public debt management (the guidelines), adopted in 2001 and amended in 2003, are a set of voluntary principles to assist debt managers in improving their debt management practices and reducing financial vulnerability. They were formulated with the intention of helping authorities articulate appropriate objectives and principles, as well as build adequate institutional and operational foundations for sound debt management practices. Such practices were recognized to be an important complement to prudent macroeconomic policies and sound financial sectors, which are critical for building countries' resilience to shocks and preventing financial crises. The guidelines have been widely used by the IMF and the World Bank for advisory purposes. They have served as a basis for providing advice on public debt management in IMF and World Bank technical assistance (TA) work, training and workshops, and outreach activities. TA missions have used the guidelines to help authorities identify gaps in their debt management practices and operations. They have often been recommended to public debt managers to establish formal debt management strategies. Thus, the revised guidelines provide an update of the 2001 guidelines and the 2003 amendments, incorporating the experience and advice on debt management issues that have accumulated during the past decade.

Detalhes

  • Data do documento

    2014/04/01

  • TIpo de documento

    Relatório da Diretoria Executiva

  • No. do relatório

    86652

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Mundo,

  • Região

    Regiões Mundiais,

  • Data de divulgação

    2014/04/16

  • Disclosure Status

    Disclosed

  • Nome do documento

    Revised guidelines for public debt management

  • Palavras-chave

    Public Debt Management;Monetary and Capital Markets;measure of interest rate risk;debt portfolio;contingent liabilities;contingent liability;risk management framework;fiscal authority;domestic financial market development;movement in interest rates;formal debt management strategy;asset and liability management;short period of time;liquidity of government security;foreign exchange reserve portfolio;increase in interest rate;payment and settlement system;aspect of debt;collective action clause;financial sector policy;floating rate debt;refinancing risk;exchange rate risk;debt service costs;domestic government bond;domestic bond market;debt sustainability analysis;amount of debt;monetary authority;rate of growth;domestic debt market;institutional framework;future cash flow;monetary policy objectives;sovereign debt restructuring;foreign currency debt;risk management practice;risky debt;international financial architecture;public sector debt;risk mitigation strategy;consideration of risk;arrangements for trade;allocation of responsibility;domestic government securities;financial sector regulator;financial sector regulation;financial crisis;sound business practice;country debt;financial market participant;government debt market;monetary policy decision;government bond market;domestic capital market;long-term interest rate;domestic monetary condition;conflicts of interest;cost of debt;public debt market;financial regulatory authority;domestic currency debt;higher interest rate;prudent risk management;variable interest rate;liquid financial asset;foreign exchange risk;financial stability objective;domestic banking sector;public debt issuances;emerging market country;global financial crisis;capital market constraint;reliance on foreign;exchange rate regime;capacity building need;external public debt;public policy issues;assurance of integrity;amount of fund;act of terrorism;public sector indebtedness;interest rate structure;delegation of responsibility;Macroeconomic Policy;secondary market;

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