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: | , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
|
| 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 |
| id |
okr-10986-30234 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-302342022-09-05T00:23:55Z Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices Aslan, Cigdem Ajazaj, Artan Wahidh, Shurufa Abdul DEBT MANAGEMENT GOVERNMENT BONDS MANAGEMENT INFORMATION SYSTEM OPERATIONAL RISK SOFTWARE INFORMATION TECHNOLOGY IT SYSTEMS SOVEREIGN DEBT MANAGEMENT FINANCIAL MANAGEMENT INFORMATION SYSTEM 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. 2018-08-15T19:24:46Z 2018-08-15T19:24:46Z 2018-08 Working Paper 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 English Policy Research Working Paper;No. 8544 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DEBT MANAGEMENT GOVERNMENT BONDS MANAGEMENT INFORMATION SYSTEM OPERATIONAL RISK SOFTWARE INFORMATION TECHNOLOGY IT SYSTEMS SOVEREIGN DEBT MANAGEMENT FINANCIAL MANAGEMENT INFORMATION SYSTEM |
| spellingShingle |
DEBT MANAGEMENT GOVERNMENT BONDS MANAGEMENT INFORMATION SYSTEM OPERATIONAL RISK SOFTWARE INFORMATION TECHNOLOGY IT SYSTEMS SOVEREIGN DEBT MANAGEMENT FINANCIAL MANAGEMENT INFORMATION SYSTEM Aslan, Cigdem Ajazaj, Artan Wahidh, Shurufa Abdul Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices |
| relation |
Policy Research Working Paper;No. 8544 |
| description |
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. |
| format |
Working Paper |
| author |
Aslan, Cigdem Ajazaj, Artan Wahidh, Shurufa Abdul |
| author_facet |
Aslan, Cigdem Ajazaj, Artan Wahidh, Shurufa Abdul |
| author_sort |
Aslan, Cigdem |
| title |
Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices |
| title_short |
Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices |
| title_full |
Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices |
| title_fullStr |
Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices |
| title_full_unstemmed |
Study on Public Debt Management Systems and Results of a Survey on Solutions Used by Debt Management Offices |
| title_sort |
study on public debt management systems and results of a survey on solutions used by debt management offices |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
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 |
| _version_ |
1764471488571768832 |