Debt Management Performance Assessment

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http://hdl.handle.net/10986/7800
Document Type: Economic & Sector Work × Country: Moldova ×

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    Debt Management Performance Assessment: Moldova
    (World Bank, Washington, DC, 2018-12) World Bank
    The objective of the mission was to assess the debt management strengths and areas in need of reform through the application of the Debt Management Performance Assessment (DeMPA) methodology. The DeMPA mission delivered an evaluation of the legal, institutional and regulatory framework in government debt management.Compared to the previous DeMPA assessment undertaken in 2008, impressive progress is observed in a number of areas. These include the quality and annual update of a medium-term debt management strategy and borrowing plans and procedures for external borrowing. Areas that have digressed or not improved include coordination with fiscal policy and debt sustainability analysis, and cash flow forecasting and cash management.
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    Publication
    Debt Management Performance Assessment : Republic of Moldova
    (Washington, DC, 2008-04) World Bank
    The Debt Management Performance Assessment (DeMPA) comprises a set of fifteen debt performance indicators (DPIs), which aim to encompass the complete spectrum of government debt management (DeM) operations as well as the overall environment in which these operations are conducted. While the DeMPA does not specify recommendations on reforms and/or capacity and institution building needs, the performance indicators do stipulate a minimum level that should be met under all conditions. Consequently, if the assessment shows that the minimum requirements are not met, this will clearly indicate an area requiring attention or priority reform. The scope of the DeMPA is central government debt management activities and closely related functions such as issuance of loan guarantees, on-lending, and cash flow forecasting and cash balance management. Thus, the DeMPA does not assess the ability to manage the wider public debt, including implicit contingent liabilities (such as liabilities of the pension system, losses of state-owned enterprises (SOE), etc.), as well as debt of SOE, if these are not guaranteed by the central government.