Recording, Monitoring, and Reporting Public Debt - Organizing a Back Office : A Guidance Note
The objective of this note is to provide guidance for countries on how to organize a public debt management back office most effectively. It describes the core processes that should be performed by that unit that is ultimately responsible for recor...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/590251586972615365/Recording-Monitoring-and-Reporting-Public-Debt-Organizing-a-Back-Office-Guidance-Note http://hdl.handle.net/10986/33654 |
| Summary: | The objective of this note is to provide
guidance for countries on how to organize a public debt
management back office most effectively. It describes the
core processes that should be performed by that unit that is
ultimately responsible for recording, monitoring, and
reporting on public debt. It also highlights their
involvement in the execution and settlement process. These
are the basic functions of a debt management office, and
evidence shows that many countries could benefit from
improvements in this area. Proper debt recording and
monitoring are the essential first step to developing good
quality data; these form the basis for quantitative
analysis, provide support for debt operations and facilitate
effective policy decisions. Focusing on the main debt
instruments that are used by low income countries, the note
describes each process individually and highlights their
interdependence. The main conclusion is that debt managers
should organize themselves around the processes not
products, and they should gather information to create a
dataset to support debt management activities. Sound
reporting is important for risk assessment and monitoring of
a sovereign, and for the development and execution of debt strategies. |
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