Debt Management Performance Assessment

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Debt Management Performance Assessment: Kyrgyz Republic

(World Bank, Washington, DC, 2016-10) World Bank Group

The Kyrgyz Republic became a parliamentary democracy in 2010 following political turmoil and ethnic unrest. Kyrgyz Republic’s economy has been resilient; however, the growth momentum of the past few years has been declining due to the difficult global economic environment and regional conflicts’ spillover effects on the country. While the shift provided a drive for critical fiscal reforms, financial sector reforms turned out to be challenging. The country successfully completed a three-year arrangement under the Extended Credit Facility in 2014. During the period, macro-economic stability was restored, and growth picked up. Inflation was kept below 10 per cent throughout the program. However, deepening economic crisis in Russia, adverse weather and the initial impact of the accession to the Eurasian Economic Union were the key contributing factors to the worsening outlook in 2015. Weaker demand in Russia and Kazakhstan adversely affect the exports and re-export sectors. Remittances from workers in Russia and Kazakhstan, which contribute about 30 percent of the country’s economy, have slowed down, and are expected to decline by more than 10 percent in 2015.
Subnational Debt Management Performance Assessment Methodology

(World Bank, Washington, DC, 2016-09-01) World Bank Group

The Subnational DeMPA is a methodology for assessing subnational debt management performance at the level of local government through a comprehensive set of indicators spanning the full range of subnational debt management functions. The SN DeMPA methodology was revised and aligned to the updates of the sovereign DeMPA during 2015. The objective of the 2016 update of Subnational DeMPA methodology is to revise the evaluation criteria in line with the changing practices for subnational government debt management and requirements of the client countries, as well as to take into account revised criteria of the sovereign DeMPA methodology which took place in 2015. The revised methodology combines the original SN DeMPA Tool and Guide into one unified methodological framework. Substantial revisions and additions are made in order to address the issues that arose during the earlier assessments. A revised Subnational DeMPA tool (2016) comprises of five core areas, 13 DPIs and 31 dimensions, which are applied to evaluate the capacity of the subnational borrower to manage the debt portfolio. This methodology is applied starting September 2016. For any additional information or questions, please contact: Lilia Razlog, Senior Debt Specialist, E-mail: lrazlog@worldbank.org
Debt Management Performance Assessment Methodology

(World Bank, Washington, DC, 2015-05) World Bank Group

The World Bank has developed a program, in collaboration with other partners, to assist developing countries in improving debt management. The objective of the program is to help strengthen capacity and institutions in developing countries so that they can manage government debt in an effective and sustainable manner in the medium to long term. A cornerstone of the program is the debt management performance assessment (DeMPA) tool, a methodology for assessing performance through a comprehensive set of performance indicators spanning the full range of government DeM functions. The DeMPA highlights strengths and weaknesses in government DeM practices in each country. Performance assessment facilitates the design of plans to build and augment capacity and institutions in ways tailored to country-specific needs. The DeMPA also facilitates the monitoring of progress over time in achieving government DeM objectives in a manner consistent with international sound practice. This document provides additional background and supporting information so that a non-specialist in DeM may undertake a country assessment effectively.