Debt Management Performance Assessment : The Gambia

During January 11 to 20, 2010, a World Bank team undertook a Debt Management Performance Assessment (DeMPA) mission to Gambia. This tool provides a methodology for assessing government debt management performance through a comprehensive set of dime...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic & Sector Work
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO FINANCING ACCOUNTANT ACCOUNTING AMORTIZATIONS AUCTION AUCTIONS BALANCE SHEET BANK ACCOUNT BANK ACCOUNTS BID BIDS BOND INSTRUMENT BOOK ENTRY BOOK ENTRY SYSTEM BORROWING PLAN BORROWING REQUIREMENT BORROWING REQUIREMENTS BUDGET DEFICIT BUDGET DEFICITS CAPITAL INFLOWS CASH BALANCE CASH BALANCES CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL BANK CENTRAL GOVERNMENT DEBT CENTRAL GOVERNMENTDEBT CHECKS COMMERCIAL BORROWING CONTINGENT LIABILITIES CREDITOR CREDITORS CURRENCY COMPOSITION CURRENCY RISK CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DEBT ANALYSIS DEBT DATA DEBT FINANCING DEBT FLOWS DEBT INSTRUMENTS DEBT ISSUANCE DEBT ISSUER DEBT MANAGEMENT DEBT MANAGEMENT CAPACITY DEBT MANAGEMENT DEPARTMENT DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT STRATEGY DEBT MARKET DEVELOPMENT DEBT NEGOTIATIONS DEBT OBLIGATIONS DEBT RATIOS DEBT RECORDING DEBT RELIEF DEBT REPORTING DEBT RESTRUCTURING DEBT SECURITIES DEBT SERVICE DEBT SERVICE PAYMENT DEBT STOCKS DEBT STRATEGY ANALYSIS DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSES DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBT-SERVICE DEFICIT FINANCING DEPOSITS DERIVATIVES DEVALUATION DEVELOPMENT BANK DISBURSEMENTS DISCOUNT RATE DOMESTIC BORROWING DOMESTIC BORROWINGS DOMESTIC DEBT DOMESTIC DEBT MANAGEMENT DOMESTIC DEBT MARKET DOMESTIC DEBT MARKETS DOMESTIC INTEREST RATES DOMESTIC MARKET DOMESTIC SECURITIES ECONOMIC DEVELOPMENT ECONOMIC TRANSACTION EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXTERNAL BORROWING EXTERNAL BORROWINGS EXTERNAL DEBT EXTERNAL DEBT FINANCING EXTERNAL DEBT STATISTICS EXTERNAL TECHNICAL ASSISTANCE FINANCES FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL STATEMENTS FINANCIAL SYSTEM FINANCING REQUIREMENTS FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FIXED INTEREST FIXED INTEREST RATE FIXED INTEREST RATES FLEXIBLE EXCHANGE RATE FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN CURRENCY RISK FOREIGN EXCHANGE FORWARD-LOOKING DEBT STRATEGY GOVERNMENT ACCOUNTS GOVERNMENT BANK GOVERNMENT BOND GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT BORROWINGS GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT DEBTS GOVERNMENT FINANCING GOVERNMENT GUARANTEES GOVERNMENT PAPER GOVERNMENT REVENUES GOVERNMENT SECURITIES GOVERNMENT SPENDING GUARANTEE FEE HOUSING FINANCE HUMAN RESOURCE INFLATION INFLATIONARY PRESSURES INFORMATION SYSTEM INFORMATION TECHNOLOGY INSTITUTIONAL CAPACITY INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTERNAL AUDIT INTERNATIONAL FINANCIAL INSTITUTIONS ISSUANCE ISSUANCE OF T-BILLS LEGAL FRAMEWORK LENDER LENDERS LIABILITY LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOAN AGREEMENT LOAN AGREEMENTS LOAN APPROVAL LOAN CONTRACT LOAN GUARANTEE LOAN GUARANTEES LOAN TERMS LOCAL CURRENCY LOCAL INVESTORS MACROECONOMIC POLICY MARKET BORROWING MARKET DEBT MARKET ENVIRONMENT MARKETABLE DEBT MATURITIES MATURITY MONETARY POLICIES MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENTS NATIONAL TREASURY OUTSTANDING DEBT OUTSTANDING STOCK PAYMENT OF DEBT PAYMENT ORDERS PAYMENT SYSTEM PENSION PENSION SYSTEM PORTFOLIO PRIMARY DEALERS PRIMARY MARKET PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC DEBT STOCK PUBLIC EXTERNAL DEBT PUBLIC FINANCE PUBLIC FUND PUBLIC FUNDS PUBLIC SECTOR DEBT REGISTRY SYSTEM REMITTANCES REPAYMENT RESERVES RISK MANAGEMENT SECONDARY MARKET SETTLEMENT SETTLEMENT INFRASTRUCTURE SETTLEMENT OF TRANSACTIONS SETTLEMENT SYSTEMS STATUTORY REQUIREMENT SUKUK T-BILL T-BILLS T-BONDS TAX TELECOMMUNICATIONS TOTAL DEBT TRADING TRANSPARENCY TREASURIES TREASURY TREASURY BILL TREASURY BILL AUCTION TREASURY BILLS TURNOVER USE OF DERIVATIVES
Online Access:	http://documents.worldbank.org/curated/en/2010/04/13944334/gambia-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/16233

Description
Summary:	During January 11 to 20, 2010, a World Bank team undertook a Debt Management Performance Assessment (DeMPA) mission to Gambia. This tool provides a methodology for assessing government debt management performance through a comprehensive set of dimensions spanning the full range of DeM functions. The first time the tool was applied in Gambia was in 2007, when a pilot study was carried out, and this was a follow-up mission. The DeMPA methodology has evolved since the report made in 2007 and therefore it is not possible to carry out a strict comparison of the two DeMPA reports in terms of individual indicators as the detailed dimensions that make up an indicator are no longer aggregated; instead, each dimension is given a specific score. It is clear however that Gambia's debt management has progressed substantially in some dimensions during recent years although there are still remaining issues that would benefit from reform and institutional capacity-building. The mission notes that given that several reforms are currently being implemented, it is to be expected that future DeMPA evaluations will show stronger scores. At this moment there is institutional capacity-building in the area of the Integrated Financial Management Information System (IFMIS) and cash management; the design of procedures manuals for Directorate of Debt Management (DDM), and the design of a draft bill on public debt management which would provide a more strategic, objectives-based legal orientation to debt management.

Debt Management Performance Assessment : The Gambia

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