As the global economy comes to terms with the impact of the global financial crash, the threat of a new debt crisis has taken centre stage. This is compounded by the fact that borrowing has rapidly increased as countries seek to boost investment in infrastructure to support their objectives under the SDGs.
New borrowing sources include Eurobonds and emerging creditors such as China. Analysts have warned that global debt has reached an “all time high” as more countries than ever are in danger of slipping into a major debt crisis. Governments need to address these challenges in order to manage costs and risks within a sound macro and fiscal framework.
This course will take participants through the fundamental principles of public debt management, taking current developments into account, and will equip them with the latest tools and techniques to manage their debt portfolios effectively.
On completion, you will be able to:
- Understand the scope of public debt management and its linkages with fiscal and monetary policy
- Understand debt concepts and the role of domestic financial markets
- Analyse the strengths and weaknesses of debt management operations in your country
- Apply concepts of cost and risk to your public debt portfolio to manage both in line with your country’s debt management objectives
- Create a sound debt management strategy based on a portfolio review and a good understanding of the objectives for debt management
- Appreciate the impact on public debt management of emerging lenders and lending arrangements
- Fundamental debt concepts and techniques
- Global financial flows and different financing options
- Debt management, monetary and fiscal policy linkages
- Legal and institutional arrangements
- Debt strategy formulation
- Guarantees and continent liabilities
- Internal and external audit
- Analysing and reporting on the debt portfolio
- Risk management
- Debt and cash management
- New challenges in bond issuance
- Public-Private Partnerships
- Emerging lenders
All courses will be conducted entirely in English. A proficient level of both spoken and written English is required by all delegates so that they are able to fully benefit from the course and participate in our interactive style of training.