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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Main Author: World Bank
Format: Economic & Sector Work
Language:English
en_US
Published: Washington, DC 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2008/06/10687971/togo-debt-management-performance-assessment-dempa
http://hdl.handle.net/10986/16237
id okr-10986-16237
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic 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
spellingShingle 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
World Bank
Debt Management Performance Assessment : Togo
geographic_facet Africa
Togo
description 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.
format Economic & Sector Work
author World Bank
author_facet World Bank
author_sort World Bank
title Debt Management Performance Assessment : Togo
title_short Debt Management Performance Assessment : Togo
title_full Debt Management Performance Assessment : Togo
title_fullStr Debt Management Performance Assessment : Togo
title_full_unstemmed Debt Management Performance Assessment : Togo
title_sort debt management performance assessment : togo
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2008/06/10687971/togo-debt-management-performance-assessment-dempa
http://hdl.handle.net/10986/16237
_version_ 1764432595026706432
spelling okr-10986-162372021-04-23T14:03:28Z Debt Management Performance Assessment : Togo World Bank 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 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. 2013-11-06T22:26:29Z 2013-11-06T22:26:29Z 2008-06 http://documents.worldbank.org/curated/en/2008/06/10687971/togo-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/16237 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Debt Management Performance Assessment Africa Togo