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Debt Management Performance Assessment (DeMPA) (Facilitated)

Nov 05th, 2018 00:00 - Dec 09th, 2018 00:00 | Virtual

Debt Management Performance Assessment (DeMPA) (Facilitated)

Developing countries face various policy, institutional, and operational challenges due to weak debt management capacity and lack of efficient debt markets. Recent challenges include: the emergence of new markets and creditors; rapid global flows of financing; and blurring of global financial boundaries that have radically altered the financial landscape facing developing counties. Against this background, developing countries need to strengthen their debt management capacity to assure that government funds are raised consistent with fiscal and debt management objectives. This e-learning course will provide participants with knowledge on application of the revised DeMPA (2015) tool to assess comprehensive debt management functions in their countries.

The DeMPA tool provides a set of indicators for comprehensively assessing debt management performance in developing countries. The debt management performance indicators (DPIs) span five core areas of public debt management, covering: (i) governance and strategy development; (ii) coordination with macroeconomic policies; (iii) borrowing and related financing activities; (iv) cash flow forecasting and cash balance management; and (v) debt recording and operational risk management.

Based on the Public Expenditure and Financial Accountability (PEFA) methodology for public financial management and sound practices in government debt management, the indicators represent an internationally recognized and comprehensive methodology for assessing debt management performance in relation to country peers and monitoring progress over time. The indicators are useful to guide the design of reform programs, monitor debt management performance over time, and enhance donor harmonization.

This course is based on a revised methodology applicable since July 2015.  By the end of the course, participants are expected to understand the scope, coverage and rationale behind the 14 DeMPA DPIs, recognize inter-linkages between the indicators, and become familiar with the DeMPA scoring methodology. 

 

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Target Audience

Debt managers and Central Bank officials dealing with debt management in client countries, technical assistance providers in client countries, government auditors, as well as World Bank country economists. Decisions on admittance to the course are made based on whether applicant qualifications match the target audience profile and the availability of space (given the class size of 120 participants).

Join the Discussion

Adaora victoria

Submitted 7:56 pm, September 1, 2018

impressive information and reliable data that should be given an urgent attention.

Elena

Submitted 4:05 pm, May 15, 2017

Important to learn about Debt

DR.YOGENDRANATH

Submitted 3:46 pm, April 27, 2017

DeMPA is a methodology for assessing performance through a comprehensive set of performance indicators spanning the full range of government debt management (DeM) functions. The DeMPA highlights strengths and weaknesses in government DeM practices in each country. Performance assessment facilitates the design of plans to build and augment capacity and institutions tailored to the specific needs of a country. The debt management performance report will not, however, contain specific recommendations or make assumptions as to the potential impact of ongoing reforms on government DeM performance. The DeMPA also facilitates the monitoring of progress over time in achieving the objectives of government DeM consistent with international sound practice. The DeMPA is modeled after the Public Expenditure and Financial Accountability (PEFA) indicators. It can be considered a more detailed and comprehensive assessment of government debt management than is currently reflected in the PEFA indicators. The two frameworks are complementary: the DeMPA can be used to undertake a detailed assessment of the underlying factors leading to poor PEFA ratings in the area of debt management; alternatively, if the assessment using the DeMPA framework precedes a PEFA assessment, the latter can use the DeMPA results to inform its assessment of the relevant indicators. The scope of the DeMPA is central government debt management activities and closely related functions such as issuance of loan guarantees, on-lending, and cash flow forecasting and cash balance management. Thus, the DeMPA does not assess the ability to manage the wider public debt, including debt of state-owned enterprises if these are not guaranteed by the central government. The indicators, however, are flexible and can be broadly applied to assess DeM performance in sub-national governments. However, because of the normal obligation of central government to report total nonfinancial public sector debt and loan guarantees, these liabilities are included in the indicator “Debt Reporting” and in the indicator on “Coordination with Fiscal Policy” as it relates to debt sustainability analysis.

Nirere

Submitted 12:34 pm, May 11, 2017

Thanks, this is insightful

Elena

Submitted 4:06 pm, May 15, 2017

Thank You !

RAMZI

Submitted 6:18 pm, April 23, 2017

Thanks, it's very important

Jesús Manuel

Submitted 4:58 pm, March 24, 2017

great info

MARK

Submitted 2:27 pm, March 24, 2017

Very essential for effective debt recovery and reduction in interest rate which are affected by bad debts.

Nirere

Submitted 12:36 pm, May 11, 2017

Good observation

Mohammad imran

Submitted 8:04 am, March 12, 2017

.

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