Debt Management Performance Assessment : Togo

Debt Management Performance Assessment : Togo

During November 12 through November 24, 2007 a World Bank team traveled to Lome, Togo, to undertake an assessment of the government's debt management operations using the Debt Management Performance Measurement Assessment Tool (DeMPA). The DeM...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic & Sector Work
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ACCUMULATION OF ARREARS ARREARS ASPECTS OF DEBT MANAGEMENT AUCTION AUDITS BANK ACCOUNT BANK ACCOUNTS BANK FINANCING BANK LOANS BORROWING PLAN CAPACITY BUILDING CAPITAL MARKETS CAPITAL MARKETS DEVELOPMENT CASH BALANCE CASH BALANCES CASH FLOW CENTRAL BANK CENTRAL GOVERNMENT DEBT COMMERCIAL BANKS CONTINGENT LIABILITIES CREDIT UNIT CREDITOR CREDITORS CURRENCY DEBT DEBT DATA DEBT DATA MANAGEMENT DEBT DATA RECORDING DEBT DATABASE DEBT INFORMATION DEBT MANAGEMENT DEBT MANAGEMENT ACTIVITIES DEBT MANAGEMENT ENTITIES DEBT MANAGEMENT FUNCTIONS DEBT MANAGEMENT ISSUES DEBT MANAGEMENT OPERATIONS DEBT MANAGEMENT SOFTWARE DEBT MANAGEMENT STRATEGY DEBT MANAGEMENT SYSTEM DEBT MANAGERS DEBT OFFICE DEBT RECORDING DEBT RECORDING SYSTEM DEBT RECORDING SYSTEMS DEBT RELIEF DEBT REPORTING DEBT SERVICE DEBT SERVICE PAYMENT DEBT SERVICE PAYMENTS DEBT SERVICE PROJECTIONS DEBT SERVICES DEBT SERVICING DEBT SERVICING CAPACITY DEBT STRATEGY DEBT SUSTAINABILITY DEBT SUSTAINABILITY ANALYSIS DEBT TRANSACTIONS DEBT UNIT DEBTOR DEBTOR REPORTING DEBTOR REPORTING SYSTEM DEBTS DEFAULTED LOANS DEPENDENT DERIVATIVE INSTRUMENTS DERIVATIVES DEVELOPMENT BANK DISBURSEMENT DISBURSEMENTS DOMESTIC ARREARS DOMESTIC BANKS DOMESTIC BORROWING DOMESTIC DEBT DOMESTIC MARKET DOMESTIC SECURITIES DOMESTIC SECURITY DUTCH AUCTION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC SITUATION EXPENDITURE EXPENDITURES EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL DEBT DATABASE EXTERNAL DEBT SERVICE EXTERNAL FINANCING FARMERS FINANCES FINANCIAL ACCOUNTS FINANCIAL COMMUNITY FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL SITUATION FISCAL POLICY FOREIGN EXCHANGE FOREIGN MARKETS FUTURE CASH FLOWS GOVERNMENT BANK GOVERNMENT BORROWINGS GOVERNMENT DEBT GOVERNMENT FINANCES GOVERNMENT GUARANTEES GROUP OF CREDITORS HUMAN RESOURCE INFORMATION SHARING INSTITUTIONAL FRAMEWORK INSTITUTIONAL FRAMEWORK FOR DEBT MANAGEMENT INSTRUMENT INTEREST RATE INTERNATIONAL FINANCIAL COMMUNITY ISSUANCE LEGAL FRAMEWORK LENDER LENDERS LEVEL OF DEBT LOAN LOAN AGREEMENTS LOAN CONTRACTS LOAN GUARANTEES LOCAL BANK LOCAL BANKS LOCAL CURRENCY MACROECONOMIC POLICIES MAJOR CREDITORS MANDATE MARKET INTEREST RATES MATURITIES MATURITY MONETARY POLICY MULTILATERAL CREDITORS NATIONAL DEBT NATIONAL DEBT STRATEGY NEGOTIATION NUMBER OF CREDITORS OUTSTANDING DEBT OUTSTANDING STOCK PAYMENT ORDERS PAYMENT SYSTEM PAYMENTS TO CREDITORS PENSION PENSION SYSTEM PERFORMANCE MEASUREMENT POLICY ENVIRONMENT PORTFOLIO PRIVATIZATIONS PROCEDURES FOR DEBT PROCUREMENT PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC FINANCE PUBLIC INFORMATION PUBLIC SECTOR DEBT RECENT LOANS RECONCILIATION WITH CREDITOR REGISTRY SYSTEM RESOURCE MANAGEMENT RESPONSIBILITIES RETURNS RISK CONTROL RISK MANAGEMENT SALARIES SALARY SECONDARY DEBT SECURITIES SOURCE OF FUNDS STATE GUARANTEE STOCK OF DEBT T-BILL T-BILLS T-BONDS TECHNICAL ASSISTANCE TOTAL DEBT TOTAL EXTERNAL DEBT TRANSPARENCY TREASURY TURNOVER UNION USE OF DERIVATIVE USE OF DERIVATIVES WAGES
Online Access:	http://documents.worldbank.org/curated/en/2008/06/10687971/togo-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/16237

Description
Summary:	During November 12 through November 24, 2007 a World Bank team traveled to Lome, Togo, to undertake an assessment of the government's debt management operations using the Debt Management Performance Measurement Assessment Tool (DeMPA). The DeMPA is a methodology for assessing debt management performance through a set of 15 indicators covering the full range of debt management functions. This assessment report highlights that the current strengths of debt management operations in Togo lie in the areas of coordination with monetary policy and the staff in the debt office, who have the skills needed for the basic debt management operations they are required to do at the moment. Among the areas for improvement identified, the priority should be given to: (i) the institutional framework, which is currently overly complex and does not ensure appropriate coordination among all entities that participate in the debt management process; (ii) the debt recording systems, which are not accurate and complete, in part as a consequence of the institutional framework; and (iii) putting in place a debt management strategy, which at this stage would focus on arrears clearance and the terms of re-engagement with the international financial community.