Debt Management Performance Assessment : Maldives

Debt Management Performance Assessment : Maldives

A World Bank (WB) mission undertook an assessment of the government's debt management(DeM) capacity and institutions in Maldives during March 20-29, 2019, at the request of theMinistry of Finance (MoF). The objective of the mission was to asse...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PUBLIC DEBT
DEBT MANAGEMENT
DONOR COORDINATION
GOVERNANCE
MACROECONOMIC MANAGEMENT
FISCAL POLICY
MONETARY POLICY
GOVERNMENT BORROWING
LOAN GUARANTEES
PUBLIC FINANCIAL MANAGEMENT
RISK MANAGEMENT
DATA SECURITY
Online Access:http://documents.worldbank.org/curated/en/964251564149648484/Maldives-Debt-Management-Performance-Assessment-DeMPA
http://hdl.handle.net/10986/32188
id okr-10986-32188
recordtype oai_dc
spelling okr-10986-321882021-05-25T09:26:49Z Debt Management Performance Assessment : Maldives World Bank PUBLIC DEBT DEBT MANAGEMENT DONOR COORDINATION GOVERNANCE MACROECONOMIC MANAGEMENT FISCAL POLICY MONETARY POLICY GOVERNMENT BORROWING LOAN GUARANTEES PUBLIC FINANCIAL MANAGEMENT RISK MANAGEMENT DATA SECURITY A World Bank (WB) mission undertook an assessment of the government's debt management(DeM) capacity and institutions in Maldives during March 20-29, 2019, at the request of theMinistry of Finance (MoF). The objective of the mission was to assess the DeM strengths andareas in need of reform through the application of the Debt Management Performance Assessment (DeMPA) methodology. This is the second evaluation for Maldives; the first DeMPA was conducted by the WB in 2009. The MoF has implemented a series of public finance management reforms in legal and institutional arrangements since the last DeMPA. Treasury operations have experienced a complete overhaul, including the rolling out an Integrated Financial Management Information System (SAP) to government entities on Male', establishment of a Treasury Single Account (TSA) and the development of cash flow forecasting procedures. The coverage of the debt management system, the CS-DRMS, has also been expanded and is now used as a central database for almost all debt obligations (excluding Islamic instruments). The DeMPA methodology, revised in 2015, provides a comprehensive set of indicators spanning the full range of DeM functions and is used for in-depth analysis of government debt management functions and institutions. The results of the assessment help the central government authority to take stock of the current DeM situation and design medium term priority reforms. The results of 2019's assessment for Maldives demonstrate many broad-based improvements implemented in Maldives and provide highlights of pending reforms. 2019-08-06T19:48:21Z 2019-08-06T19:48:21Z 2019-03 Report http://documents.worldbank.org/curated/en/964251564149648484/Maldives-Debt-Management-Performance-Assessment-DeMPA http://hdl.handle.net/10986/32188 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 South Asia Maldives
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PUBLIC DEBT
DEBT MANAGEMENT
DONOR COORDINATION
GOVERNANCE
MACROECONOMIC MANAGEMENT
FISCAL POLICY
MONETARY POLICY
GOVERNMENT BORROWING
LOAN GUARANTEES
PUBLIC FINANCIAL MANAGEMENT
RISK MANAGEMENT
DATA SECURITY
spellingShingle PUBLIC DEBT
DEBT MANAGEMENT
DONOR COORDINATION
GOVERNANCE
MACROECONOMIC MANAGEMENT
FISCAL POLICY
MONETARY POLICY
GOVERNMENT BORROWING
LOAN GUARANTEES
PUBLIC FINANCIAL MANAGEMENT
RISK MANAGEMENT
DATA SECURITY
World Bank
Debt Management Performance Assessment : Maldives
geographic_facet South Asia
Maldives
description A World Bank (WB) mission undertook an assessment of the government's debt management(DeM) capacity and institutions in Maldives during March 20-29, 2019, at the request of theMinistry of Finance (MoF). The objective of the mission was to assess the DeM strengths andareas in need of reform through the application of the Debt Management Performance Assessment (DeMPA) methodology. This is the second evaluation for Maldives; the first DeMPA was conducted by the WB in 2009. The MoF has implemented a series of public finance management reforms in legal and institutional arrangements since the last DeMPA. Treasury operations have experienced a complete overhaul, including the rolling out an Integrated Financial Management Information System (SAP) to government entities on Male', establishment of a Treasury Single Account (TSA) and the development of cash flow forecasting procedures. The coverage of the debt management system, the CS-DRMS, has also been expanded and is now used as a central database for almost all debt obligations (excluding Islamic instruments). The DeMPA methodology, revised in 2015, provides a comprehensive set of indicators spanning the full range of DeM functions and is used for in-depth analysis of government debt management functions and institutions. The results of the assessment help the central government authority to take stock of the current DeM situation and design medium term priority reforms. The results of 2019's assessment for Maldives demonstrate many broad-based improvements implemented in Maldives and provide highlights of pending reforms.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Debt Management Performance Assessment : Maldives
title_short Debt Management Performance Assessment : Maldives
title_full Debt Management Performance Assessment : Maldives
title_fullStr Debt Management Performance Assessment : Maldives
title_full_unstemmed Debt Management Performance Assessment : Maldives
title_sort debt management performance assessment : maldives
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/964251564149648484/Maldives-Debt-Management-Performance-Assessment-DeMPA
http://hdl.handle.net/10986/32188
_version_ 1764476021215592448

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