Debt Management Performance Assessment : Mozambique

The Debt Management Performance Assessment (DeMPA) is a methodology for assessing government debt management (DeM) performance through a comprehensive set of indicators spanning the full range of DeM functions. The assessment reveals that Mozambiqu...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic & Sector Work
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING AUCTION AUCTIONS AUDIT OF ACCOUNTS AUDITING AUDITORS BANK ACCOUNT BANK ACCOUNTS BANK FEES BANK LOANS BANKS BENEFICIARIES BID BIDS BILATERAL DEBT BILATERAL DONORS BOND ISSUE BORROWING PLAN BORROWING PLANS BORROWING POLICIES BUDGET DEFICIT BUDGET LAW CAPACITY BUILDING CASH ADVANCES CASH BALANCE CASH BALANCES CASH FLOW CASH MANAGEMENT CASH TRANSFERS CENTRAL BANK CENTRAL GOVERNMENT DEBT CHECKS CONTINGENT LIABILITIES CREDIT ANALYSIS CREDIT LINE CREDITOR CREDITORS CREDITS CS DEBT DATA DEBT DATA RECORDING DEBT DATABASE DEBT DYNAMICS DEBT LEVELS DEBT MANAGEMENT DEBT MANAGEMENT ACTIVITIES DEBT MANAGEMENT CAPACITY DEBT MANAGEMENT ENTITY DEBT MANAGEMENT FUNCTIONS DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT STRATEGY DEBT MANAGEMENT SYSTEM DEBT MONITORING DEBT RECORDING DEBT RECORDING SYSTEM DEBT RELIEF DEBT RELIEF INITIATIVE DEBT RELIEF INITIATIVES DEBT REPORTING DEBT REPORTS DEBT SERVICE DEBT SERVICE PAYMENT DEBT SERVICE PAYMENTS DEBT SERVICE PROJECTIONS DEBT STOCK DEBT STOCKS DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSES DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBTOR DEBTOR REPORTING DEBTOR REPORTING SYSTEM DEPOSITS DERIVATIVES DEVELOPMENT BANK DISASTER RECOVERY DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC MARKET ECONOMIC GROWTH ELECTRONIC BOOK-ENTRY EVOLUTION OF DEBT EXCHANGE RATE EXPENDITURE EXPENDITURES EXTERNAL BORROWING EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL FUNDING FINANCIAL ACCOUNTS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL OBLIGATIONS FINANCIAL SUPPORT FINANCING NEEDS FISCAL POLICIES FISCAL POLICY FLOW OF INVESTMENT FOREIGN CURRENCY FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FOREIGN MARKETS FUTURE CASH FLOWS GOVERNMENT BANK GOVERNMENT BORROWINGS GOVERNMENT DEBT GOVERNMENT EXPENDITURES GOVERNMENT FINANCING GOVERNMENT REVENUES GOVERNMENT SECURITIES HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT INDEBTED INDEBTED POOR COUNTRY INDEBTEDNESS INFLATION INFORMATION SHARING INFORMATION SYSTEM INSUFFICIENT FUNDS INTEREST RATE INTEREST RATES INTERNAL AUDIT INTERNAL AUDITS INTERNATIONAL DEVELOPMENT INTERNATIONAL FUND ISSUANCE ISSUANCE OF GUARANTEES ISSUANCE OF T-BILLS ISSUANCES JUDICIARY KEY CHALLENGES LAWS LEGAL FRAMEWORK LEGISLATION LENDER LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN AGREEMENTS LOAN CONTRACT LOAN GUARANTEE LOAN GUARANTEES LOAN NEGOTIATIONS LOCAL CURRENCY LONG-TERM BORROWING LONG-TERM BORROWINGS LOW DEBT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANDATE MARKET DEVELOPMENT MARKET INFORMATION MARKET PARTICIPANTS MATURITIES MATURITY MONETARY POLICY MONEY MARKET MULTILATERAL DEBT MULTILATERAL DEBT RELIEF MUNICIPALITIES OPERATIONAL RISK OUTSTANDING LOAN PAYMENT ORDER PAYMENT ORDERS PAYMENT SYSTEM PENALTIES PENSION PENSION SYSTEM PROCEDURES FOR DEBT PUBLIC DEBT PUBLIC FINANCE PUBLIC SECTOR DEBT RECAPITALIZATION REDEMPTION REGISTRY SYSTEM REGISTRY SYSTEMS REORGANIZATION REPAYMENT REPOS RETURN RISK MANAGEMENT SECONDARY MARKET SECONDARY TRADING SECURITIES SETTLEMENT SHORT-TERM BORROWING SOURCE OF FUNDS STOCK EXCHANGE T-BILL T-BILLS T-BOND T-BONDS TECHNICAL ASSISTANCE TOTAL DEBT TRANSACTION TREASURY TREASURY BILLS TREASURY BONDS TREASURY OPERATIONS TYPES OF DEBT USE OF DERIVATIVES
Online Access:	http://documents.worldbank.org/curated/en/2008/03/18132675/mozambique-debt-management-performance-assessment http://hdl.handle.net/10986/16228

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Summary:	The Debt Management Performance Assessment (DeMPA) is a methodology for assessing government debt management (DeM) performance through a comprehensive set of indicators spanning the full range of DeM functions. The assessment reveals that Mozambique has points of strength in most areas evaluated by the DeMPA, but that it meets the minimum requirements only in the fields of the legal framework and managerial structure. Mozambique does not meet the minimum requirements with respect to the other indicators, although in many cases work is underway that would lead to meeting the requirements (e.g., debt strategy, debt reporting) or only small improvements would be required in order to meet those requirements (e.g., the annual report, coordination with fiscal policy). The concluding section of this paper outlines areas in which the minimum requirement could be met over the short run with minimal adjustments, and areas where progress would require stronger efforts. Mozambique benefited from debt relief under the Heavily Indebted Poor Country (HIPC) initiative in 2001 and the Multilateral Debt Relief Initiative (MDRI) in 2006. The government has remained committed to seeking new financing with at least 35 percent concessionality, which has been made possible by the strong involvement of the international donor community. Due in large part to Mozambique's success in implementing public financial management reforms, a substantial proportion of external assistance takes the form of direct budget support. The scope of the DeMPA includes central government debt management activities and closely related functions, such as the issuance of loan guarantees, on-lending, cash-flow forecasting, and cash balance management. Thus, the DeMPA does not assess the ability to manage the wider public debt, including implicit contingent liabilities, as well as the debt of state-owned enterprises if these are not guaranteed by the central government.

Debt Management Performance Assessment : Mozambique

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