Debt Management Performance Assessment

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  • Publication
    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
  • Publication
    Colombia Government Debt and Risk Management Program: Outcomes and Implemented Reforms
    (World Bank, Washington, DC, 2016-05) Cabral, Rodrigo; Scipioni, Alessandro
    Effective public debt management is a cornerstone of financial stability and sustainable fiscal policy. The composition of public debt has been an important factor in many economic and financial crises, as excessive exposure to changes in exchange rates and interest rates can result in large negative impacts on public finances. During the 2008-2009 crisis, however, middle-income countries generally performed well. The Colombian government has embarked on a series of reforms aimed at reducing vulnerability of the government’s balance sheet to financial shocks. This report summarizes the main outcomes of the Government Debt and Risk Management Program (GDRM) in Colombia. The World Bank (WB) delivered this technical assistance (TA) through its Government Debt and Risk Management (GDRM) program, supporting Colombia, in particular the General Directorate of Public Credit and National Treasury (DGCPTN), in implementing the priority public debt management reforms. This report summarizes the main outcomes achieved by the DGCPTN under the GDRM framework, which has a strong focus on outcomes. The report is divided into five sections, with each section corresponding to a focus area of the GDRM program. In turn, each section is divided in three subsections as follows: (i) progress made until March 2016; (ii) recommendations for further strengthening public debt and cash management in the respective areas; and (iii) potential future technical assistance as discussed with the authorities during the latest mission (March 2016).