Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices
A debt management system is the backbone of any sovereign debt management office. A robust, well-functioning and user-friendly system allows governments to strengthen their debt management environment. This study aims to contribute to the literatur...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/629151533732435143/Study-on-public-debt-management-systems-and-results-of-a-survey-on-solutions-used-by-debt-management-offices http://hdl.handle.net/10986/30234 |
| Summary: | A debt management system is the backbone
of any sovereign debt management office. A robust,
well-functioning and user-friendly system allows governments
to strengthen their debt management environment. This study
aims to contribute to the literature on (i) the essential
requirements of a debt management system, (ii) the selection
criteria for software that fits the system modernization and
integration needs of a debt management office, and (iii) how
the solutions currently used by governments meet those
requirements. It also contains the results of a survey that
shows the current landscape of solutions used by a sample of
debt management offices from 31 countries. The target
audience is emerging and developing countries that seek to
strengthen the information technology platform they use for
debt management. The study concludes that it is fundamental
for a debt management system to meet the debt management
office's evolving needs, while at the same time
differentiating among functions and coverage that are
mandatory, relevant, and desirable. This differentiation
provides a helpful guide for debt managers deciding between
building a tailored debt management system from scratch or
purchasing an off-the-shelf system. The survey results
suggest that current systems can handle the critical
functions and instruments of debt management offices.
However, if the nature of respondents' debt portfolios
evolves over time, system limitations may present
challenges. One clear takeaway is that debt managers should
consider the ability of their debt management system to
interact with external (for example, financial management
information system) information technology platforms as an
essential characteristic of their information ecosystem. |
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