Debt Management Performance Assessment
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Publication Debt Management Performance Assessment: Maldives(World Bank, Washington, DC, 2019-03) World BankA World Bank (WB) mission undertook an assessment of the government's debt management(DeM) capacity and institutions in Maldives during March 20-29, 2019, at the request of theMinistry of Finance (MoF). The objective of the mission was to assess the DeM strengths andareas in need of reform through the application of the Debt Management Performance Assessment (DeMPA) methodology. This is the second evaluation for Maldives; the first DeMPA was conducted by the WB in 2009. The MoF has implemented a series of public finance management reforms in legal and institutional arrangements since the last DeMPA. Treasury operations have experienced a complete overhaul, including the rolling out an Integrated Financial Management Information System (SAP) to government entities on Male', establishment of a Treasury Single Account (TSA) and the development of cash flow forecasting procedures. The coverage of the debt management system, the CS-DRMS, has also been expanded and is now used as a central database for almost all debt obligations (excluding Islamic instruments). The DeMPA methodology, revised in 2015, provides a comprehensive set of indicators spanning the full range of DeM functions and is used for in-depth analysis of government debt management functions and institutions. The results of the assessment help the central government authority to take stock of the current DeM situation and design medium term priority reforms. The results of 2019's assessment for Maldives demonstrate many broad-based improvements implemented in Maldives and provide highlights of pending reforms.Publication Debt Management Performance Assessment: Moldova(World Bank, Washington, DC, 2018-12) World BankThe 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.Publication Debt Management Performance Assessment Methodology(World Bank, Washington, DC, 2015-05) World Bank GroupThe 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.