Maldives Debt Management Reform Plan

Maldives Debt Management Reform Plan

The first Debt Management Performance Assessment (DeMPA) for Maldives was conducted in 2009, and a second DeMPA was completed in March 2019. The authorities have taken important steps to improve debt management since the first assessment, but many challenges remain. The government has implemented...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
DEBT MANAGEMENT
EXTERNAL DEBT
PUBLIC DEBT
PUBLIC FINANCIAL MANAGEMENT
GOVERNMENT GUARANTEE
CAPITAL MARKETS
Online Access:http://documents.worldbank.org/curated/en/559441583261290588/Maldives-Debt-Management-Reform-Plan
http://hdl.handle.net/10986/33431
id okr-10986-33431
recordtype oai_dc
spelling okr-10986-334312021-05-25T09:33:15Z Maldives Debt Management Reform Plan World Bank DEBT MANAGEMENT EXTERNAL DEBT PUBLIC DEBT PUBLIC FINANCIAL MANAGEMENT GOVERNMENT GUARANTEE CAPITAL MARKETS The first Debt Management Performance Assessment (DeMPA) for Maldives was conducted in 2009, and a second DeMPA was completed in March 2019. The authorities have taken important steps to improve debt management since the first assessment, but many challenges remain. The government has implemented a series of reforms to public financial and debt management, including changes to the legal and institutional framework. Key measures include a complete overhaul of Treasury operations, the implementation of the Integrated Financial Management Information System (IFMIS) across all government entities in the capital, Malé, the establishment of a Treasury Single Account, and the development of cash-flow forecasting procedures. The coverage of the Commonwealth Secretariat Debt Recording and Management System (CSDRMS) has also been expanded, and the CS-DRMS is now used as a central database for almost all debt obligations, except Islamic finance instruments. The results of the 2019 DeMPA shed light on these improvements and indicate areas for further action. 2020-03-16T15:49:10Z 2020-03-16T15:49:10Z 2019-03-01 Report http://documents.worldbank.org/curated/en/559441583261290588/Maldives-Debt-Management-Reform-Plan http://hdl.handle.net/10986/33431 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 DEBT MANAGEMENT
EXTERNAL DEBT
PUBLIC DEBT
PUBLIC FINANCIAL MANAGEMENT
GOVERNMENT GUARANTEE
CAPITAL MARKETS
spellingShingle DEBT MANAGEMENT
EXTERNAL DEBT
PUBLIC DEBT
PUBLIC FINANCIAL MANAGEMENT
GOVERNMENT GUARANTEE
CAPITAL MARKETS
World Bank
Maldives Debt Management Reform Plan
geographic_facet South Asia
Maldives
description The first Debt Management Performance Assessment (DeMPA) for Maldives was conducted in 2009, and a second DeMPA was completed in March 2019. The authorities have taken important steps to improve debt management since the first assessment, but many challenges remain. The government has implemented a series of reforms to public financial and debt management, including changes to the legal and institutional framework. Key measures include a complete overhaul of Treasury operations, the implementation of the Integrated Financial Management Information System (IFMIS) across all government entities in the capital, Malé, the establishment of a Treasury Single Account, and the development of cash-flow forecasting procedures. The coverage of the Commonwealth Secretariat Debt Recording and Management System (CSDRMS) has also been expanded, and the CS-DRMS is now used as a central database for almost all debt obligations, except Islamic finance instruments. The results of the 2019 DeMPA shed light on these improvements and indicate areas for further action.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Maldives Debt Management Reform Plan
title_short Maldives Debt Management Reform Plan
title_full Maldives Debt Management Reform Plan
title_fullStr Maldives Debt Management Reform Plan
title_full_unstemmed Maldives Debt Management Reform Plan
title_sort maldives debt management reform plan
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/559441583261290588/Maldives-Debt-Management-Reform-Plan
http://hdl.handle.net/10986/33431
_version_ 1764478747520532480

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