Public debt management is about ensuring that a government is able to raise adequate finance to meet its medium to long term borrowing needs and that the costs and risks of repayment are managed efficiently. Good debt management also contributes to more developed and liquid financial markets but poorly managed borrowing can destabilise an economy.
Effective cash management involves managing short-term cash flows and balances cost-effectively. Both cash and debt management should be based around a clearly defined strategy and processes to ensure predictability for budget purposes, for the market, and to ensure public resources are used efficiently.
We help finance ministries, central banks and sub-national governments to manage their cash balances and borrowing, taking into account cost and risk considerations. Our programme of assistance helps strengthen institutions, processes and controls and develops the knowledge and practical skills that debt managers need to achieve their debt goals.