Making a difference

Best Practice in Public Debt Management

The recent shock to the financial systems has had a major impact on the world economy. Revenues have declined, international investment has dried up and borrowing has become more expensive. Guarantee programmes have brought new risks to the government balance sheet and managing these liabilities effectively is essential to maintaining macroeconomic stability.

This course will take participants through the principles of public debt management. It will equip them with the techniques and understanding required to analyse economic events and interpret their implications.

Who should attend
Economists, analysts and accountants working in public debt management in sub-national governments and parastatals; officials working in central banks; ministries of finance, planning and economy and financial market regulators.

How you will benefit
By the end of the course you will be able to:

• understand the cope and importance of public debt management and the link with fiscal and monetary policy
• understand debt concepts and the important role that domestic financial markets can play in increasing the portfolio choice of a government
• analyse the strengths and weaknesses of debt management operations and make appropriate recommendations
• make informed decisions on the costs and risks in the portfolio
• create a sound debt management strategy based on clear objectives and a debt portfolio review

Course profile

• Fundamental concepts and techniques
• Trends, challenges and opportunities
• Global financial flows and different financing options
• Links between debt management policy, monetary policy and fiscal policy
• Legal and institutional arrangements for debt management
• Debt strategy formulation
• Domestic and external debt concepts and analysis
• Alternative models of development finance: key issues
• Guarantees and continent liabilities
• Audit and operational risk
• Analysing and reporting on the debt portfolio
• Risk management and forecasting
• National and international reporting
• Debt and cash management
• Tools to assist debt managers