Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms

Effective public debt management is a cornerstone of financial stability and sustainable fiscal policy. The composition of public debt has been an important factor in many economic and financial crises, as excessive exposure to changes in exchange...

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Main Authors:	Cabral, Rodrigo, Scipioni, Alessandro
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	debt policy debt management debt market
Online Access:	http://documents.worldbank.org/curated/en/314801481100697031/Colombia-Government-debt-and-risk-management-program-GDRM-outcomes-and-implemented-reforms http://hdl.handle.net/10986/25774

id	okr-10986-25774
recordtype	oai_dc
spelling	okr-10986-257742021-05-25T08:56:19Z Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms Cabral, Rodrigo Scipioni, Alessandro debt policy debt management debt market Effective public debt management is a cornerstone of financial stability and sustainable fiscal policy. The composition of public debt has been an important factor in many economic and financial crises, as excessive exposure to changes in exchange rates and interest rates can result in large negative impacts on public finances. During the 2008-2009 crisis, however, middle-income countries generally performed well. The Colombian government has embarked on a series of reforms aimed at reducing vulnerability of the government’s balance sheet to financial shocks. This report summarizes the main outcomes of the Government Debt and Risk Management Program (GDRM) in Colombia. The World Bank (WB) delivered this technical assistance (TA) through its Government Debt and Risk Management (GDRM) program, supporting Colombia, in particular the General Directorate of Public Credit and National Treasury (DGCPTN), in implementing the priority public debt management reforms. This report summarizes the main outcomes achieved by the DGCPTN under the GDRM framework, which has a strong focus on outcomes. The report is divided into five sections, with each section corresponding to a focus area of the GDRM program. In turn, each section is divided in three subsections as follows: (i) progress made until March 2016; (ii) recommendations for further strengthening public debt and cash management in the respective areas; and (iii) potential future technical assistance as discussed with the authorities during the latest mission (March 2016). 2016-12-16T20:38:29Z 2016-12-16T20:38:29Z 2016-05 Report http://documents.worldbank.org/curated/en/314801481100697031/Colombia-Government-debt-and-risk-management-program-GDRM-outcomes-and-implemented-reforms http://hdl.handle.net/10986/25774 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Debt Management Performance Assessment Economic & Sector Work Latin America & Caribbean Colombia
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	debt policy debt management debt market
spellingShingle	debt policy debt management debt market Cabral, Rodrigo Scipioni, Alessandro Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms
geographic_facet	Latin America & Caribbean Colombia
description	Effective public debt management is a cornerstone of financial stability and sustainable fiscal policy. The composition of public debt has been an important factor in many economic and financial crises, as excessive exposure to changes in exchange rates and interest rates can result in large negative impacts on public finances. During the 2008-2009 crisis, however, middle-income countries generally performed well. The Colombian government has embarked on a series of reforms aimed at reducing vulnerability of the government’s balance sheet to financial shocks. This report summarizes the main outcomes of the Government Debt and Risk Management Program (GDRM) in Colombia. The World Bank (WB) delivered this technical assistance (TA) through its Government Debt and Risk Management (GDRM) program, supporting Colombia, in particular the General Directorate of Public Credit and National Treasury (DGCPTN), in implementing the priority public debt management reforms. This report summarizes the main outcomes achieved by the DGCPTN under the GDRM framework, which has a strong focus on outcomes. The report is divided into five sections, with each section corresponding to a focus area of the GDRM program. In turn, each section is divided in three subsections as follows: (i) progress made until March 2016; (ii) recommendations for further strengthening public debt and cash management in the respective areas; and (iii) potential future technical assistance as discussed with the authorities during the latest mission (March 2016).
format	Report
author	Cabral, Rodrigo Scipioni, Alessandro
author_facet	Cabral, Rodrigo Scipioni, Alessandro
author_sort	Cabral, Rodrigo
title	Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms
title_short	Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms
title_full	Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms
title_fullStr	Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms
title_full_unstemmed	Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms
title_sort	colombia government debt and risk management program : outcomes and implemented reforms
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/314801481100697031/Colombia-Government-debt-and-risk-management-program-GDRM-outcomes-and-implemented-reforms http://hdl.handle.net/10986/25774
_version_	1764460107420139520

Colombia Government Debt and Risk Management Program : Outcomes and Implemented Reforms

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