Debt Management Performance Assessment : Zambia
The objective of the mission was to assess the debt management strengths and areas in need of reform through the application of the Debt Management Performance Assessment (DeMPA) methodology. DeMPA mission delivered technical assistance in evaluati...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://hdl.handle.net/10986/31517 |
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okr-10986-315172019-04-12T05:10:33Z Debt Management Performance Assessment : Zambia World Bank PUBLIC DEBT MANAGEMENT PUBLIC FINANCIAL MANAGEMENT CENTRAL GOVERNMENT DEBT MACROECONOMIC POLICY GUARANTEES GOVERNMENT BORROWING RISK MANAGEMENT The objective of the mission was to assess the debt management strengths and areas in need of reform through the application of the Debt Management Performance Assessment (DeMPA) methodology. DeMPA mission delivered technical assistance in evaluating the legal, institutional and regulatory framework in government debt management.The revised 2015 DeMPA methodology provides a comprehensive set of indicators spanning the full range of debt management (DeM) functions. The results of the DeMPA evaluation help the authorities to take stock of the current debt management situation and design medium term priority reforms. Overall, some improvements on DeMPA scores compared to the latest assessment in 2011 could be observed. Areas of strength include the publication and implementation of the debt management strategy 2017-19, staff capacity, and debt sustainability analysis (DSA). Further improvements include the completion of external financial audits, the elaboration of an annual borrowing calendar covering all government securities, the involvement of legal advisers throughout the negotiation of external borrowing and the elaboration of draft procedures manual.The publication of the debt management strategy 2017-19 is an important step towards strengthening debt management and is a main achievement that is fully recognized by the DeMPA assessment team. Since the strategy has only been published recently and it, therefore, is not possible to verify that the strategy is updated annually, this achievement is not reflected in the scores in this DeMPA.Challenges include the fragmented databases, delays in update of debt records, and lack of formalized procedures. Procedure manuals are in draft form and has not yet been validated and could not be fully reflected in the assessment. Procedures for accessing the international market, mobilizing domestic funding other than through security issuances, and issuing guarantees have not been elaborated. 2019-04-11T17:59:47Z 2019-04-11T17:59:47Z 2018-07-01 Report http://hdl.handle.net/10986/31517 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Debt Management Performance Assessment Africa Zambia |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PUBLIC DEBT MANAGEMENT PUBLIC FINANCIAL MANAGEMENT CENTRAL GOVERNMENT DEBT MACROECONOMIC POLICY GUARANTEES GOVERNMENT BORROWING RISK MANAGEMENT |
| spellingShingle |
PUBLIC DEBT MANAGEMENT PUBLIC FINANCIAL MANAGEMENT CENTRAL GOVERNMENT DEBT MACROECONOMIC POLICY GUARANTEES GOVERNMENT BORROWING RISK MANAGEMENT World Bank Debt Management Performance Assessment : Zambia |
| geographic_facet |
Africa Zambia |
| description |
The objective of the mission was to
assess the debt management strengths and areas in need of
reform through the application of the Debt Management
Performance Assessment (DeMPA) methodology. DeMPA mission
delivered technical assistance in evaluating the legal,
institutional and regulatory framework in government debt
management.The revised 2015 DeMPA methodology provides a
comprehensive set of indicators spanning the full range of
debt management (DeM) functions. The results of the DeMPA
evaluation help the authorities to take stock of the current
debt management situation and design medium term priority
reforms. Overall, some improvements on DeMPA scores compared
to the latest assessment in 2011 could be observed. Areas of
strength include the publication and implementation of the
debt management strategy 2017-19, staff capacity, and debt
sustainability analysis (DSA). Further improvements include
the completion of external financial audits, the elaboration
of an annual borrowing calendar covering all government
securities, the involvement of legal advisers throughout the
negotiation of external borrowing and the elaboration of
draft procedures manual.The publication of the debt
management strategy 2017-19 is an important step towards
strengthening debt management and is a main achievement that
is fully recognized by the DeMPA assessment team. Since the
strategy has only been published recently and it, therefore,
is not possible to verify that the strategy is updated
annually, this achievement is not reflected in the scores in
this DeMPA.Challenges include the fragmented databases,
delays in update of debt records, and lack of formalized
procedures. Procedure manuals are in draft form and has not
yet been validated and could not be fully reflected in the
assessment. Procedures for accessing the international
market, mobilizing domestic funding other than through
security issuances, and issuing guarantees have not been elaborated. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Debt Management Performance Assessment : Zambia |
| title_short |
Debt Management Performance Assessment : Zambia |
| title_full |
Debt Management Performance Assessment : Zambia |
| title_fullStr |
Debt Management Performance Assessment : Zambia |
| title_full_unstemmed |
Debt Management Performance Assessment : Zambia |
| title_sort |
debt management performance assessment : zambia |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://hdl.handle.net/10986/31517 |
| _version_ |
1764474521191972864 |