Debt Management Performance Assessment
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Publication
Debt Management Performance Assessment (DeMPA) Subnational Government: La Paz Municipality (Bolivia)
(Washington, DC, 2022-10)The Bolivian economy is gradually recovering from the pandemic-induced recession. La Paz Municipality primary balance has fluctuated near balance as this municipality managed to cushion the decline in hydrocarbon revenues and the pandemic. The DeMPA assessment for the Autonomous Municipal Government of La Paz (Gobierno Autónomo Municipal de La Paz) – GAMLP was undertaken by applying the 2016 methodology available for local governments at the time of the mission. The Subnational DeMPA (SN DeMPA) is a methodology for assessing public debt management performance through a comprehensive set of indicators spanning the full range of government debt management functions. This report is divided in 4 sections. Section 2 briefly describes the economic background of the country, and more specifically of the Municipality of La Paz (including challenges and changes brought by COVID-19 pandemics) and presents an overview of the local government debt portfolio. Section 3 summarizes the applied methodology for the assessment and discloses assigned scores for each of the 13 Debt Performance Indicators and the 31 sub-indicators. Finally, section 4 provides details for each assessed sub-indicators, pointing for the requirements that are met for the assigned score, and what is missing for the GAMLP achieving improved scores in a future assessment. -
Publication
Cape Verde - Debt Management Performance Assessment (DeMPA)
(Washington, DC, 2022-04)A World Bank mission undertook applied the Debt Management Performance Assessment (DeMPA) methodology to evaluate the government’s debt management (DM) capacity and institutions in Cabo Verde during March 28 to April 5, 2022. The assessment covers the legal, institutional, and regulatory framework governing DM. The primary counterpart was the Ministry of Finance (MoF) and within it, the Department of the National Treasury / Financial Operations Service which is the main DM office for the central government. The mission identified DM strengths and areas in need of reform, which are useful for measuring progress in DM capacity, supporting policy dialog with the authorities in the context of the second series of the Development Policy Financing operation (DPF). The policy dialogue helped to build on what has changed since the 2016 DeMPA and discussing persisting gaps in government debt management practices. Reducing debt vulnerabilities is an urgent priority for the government of Cabo Verde and would require a combination of debt reprofiling, higher economic growth and fiscal consolidation. With limited space to borrow, it would also require effective Debt Management. -
Publication
Niger - Debt Management Performance Assessment (DeMPA)
(Washington, DC, 2022-03)This report assesses Niger’s debt management capacity and institutions through the application of the Debt Management Performance Assessment (DeMPA) methodology. Revisiting the five core dimension areas of the DEMPA, there are key features that stand out. First, in governance and debt management strategy benefit from clear legal frameworks for borrowing activities. Implementation needs to be improved, including mainly the assessment of Niger’s debt management strategy. Second, there is a good coordination of debt management strategy with macroeconomic policies due to the clear separation between monetary policy and debt management activities and the use of harmonized debt projections for the budget and the debt management strategy. Third, with respect to borrowing and related financing activities, the Government makes use of market-based instruments on the regional market to fund domestic borrowing requirements, but external debt strategy needs to build on an annual borrowing plan. Fourth, good cash flow forecasting and good cash balance management build on the creation of the Treasury Single Account. Fifth, debt recording, and operational risk management are in need of significant improvements. The report has more detailed overview of these aspects and the progress made since the last DEMPA in 2012. -
Publication
Debt Management Performance Assessment Methodology: 2021 Edition
(World Bank, Washington, DC, 2021-11-25)The Debt Management Performance Assessment (DeMPA) is the World Bank’s diagnostic tool for assessing performance using a comprehensive set of indicators that span the full range of government debt management (DM) functions. Launched in 2007, revised in 2015, the indicators have become an internationally recognized standard in the government DM field and can be applied in all developing countries. The DeMPA offers a sound diagnostic framework that allows a country’s DM processes and institutions to be evaluated against sound international practice, identifying core strengths and weaknesses, and thereby helping strengthen capacity and institutions so that countries can manage their government debt effectively and sustainably. It will assist countries that want to undertake debt management reforms, helping to monitor progress with achieving government DM objectives consistent with international sound practice. The DeMPA is modeled on the Public Expenditure and Financial Accountability (PEFA) indicators, however, it uses a more comprehensive set of indicators, spanning the full range of government debt management (DM) functions, to provide a detailed assessment of government DM. The DeMPA methodology consists of two parts: i) a description of the methodology and ii) an evaluation tool that summarizes key questions that should be assessed in the context of a DeMPA evaluation. -
Publication
Honduras - Debt Management Performance Assessment (DeMPA)
(Washington, DC, 2021-06)The DeMPA is a methodology for assessing public debt management performance through a comprehensive set of indicators spanning the full range of government debt management functions. The DeMPA tool presents the 14 debt performance indicators along with a scoring methodology. The DeMPA tool is complemented by a guide that provides supplemental information for the use of the indicators. -
Publication
Georgia - Debt Management Performance Assessment (DeMPA)
(Washington, DC, 2020-02)The DeMPA is a methodology for assessing public debt management performance based on a comprehensive set of indicators spanning the full range of governmental debt management functions. It is adapted from the Public Expenditure and Financial Accountability (PEFA) framework. The DeMPA tool presents 14 performance indicators along with a scoring methodology. The DeMPA tool is complemented by a guide that provides supplemental information on using the indicators.