Debt Management Performance Assessment : Ethiopia
The DeMPA is a methodology for assessing public debt management performance through a comprehensive set of indicators spanning the full range of government debt management functions. The DeMPA tool presents debt performance indicators along with a...
Main Author: | |
---|---|
Format: | Economic & Sector Work |
Language: | English en_US |
Published: |
Washington, DC
2014
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2013/06/18792331/ethiopia-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/17619 |
Summary: | The DeMPA is a methodology for assessing
public debt management performance through a comprehensive
set of indicators spanning the full range of government debt
management functions. The DeMPA tool presents debt
performance indicators along with a scoring methodology.
This report pertains to a debt management performance
assessment of Ethiopia in 2013, and provides an overview of
strengths and weaknesses in government debt management. The
following are the significant findings of this assessment:
1) no formal debt management strategy in place, although
significant progress has been made over time; 2) there is
good coordination and information sharing between the fiscal
and monetary authorities and the debt managers; 3) There are
documented procedures for external and domestic borrowings
as well as for on-lending and loan guarantees; 4) an
efficient single treasury account is not yet in place, and
surplus cash is invested at low rates; 5) there is an
understanding of operational risk but not yet a formal
framework for operational risk management; and 6) there are
complete and timely debt records for all central government
debt and guarantees, with appropriate evaluation and
disclosure of information on total central government debt
management operations. |
---|