Publication: Debt Management Performance Assessment : Sierra Leone
Date
2009-12
ISSN
Published
2009-12
Author(s)
World Bank
Abstract
The results of this assessment show that
seven (7) indicators warranted an overall score of C or
better, demonstrating compliance with the minimum
requirement; these referred to the debt management strategy;
evaluation of debt management operation; coordination with
fiscal policy; domestic borrowing; external borrowing; debt
records and debt reporting, and debt administration and data
security. A total of eight (8) indicators did not meet the
minimum requirement at the time of the mission. These
correspond to legal framework; managerial structure; audit,
coordination with monetary policy; loan guarantees and
on-lending; cash-flow forecasting and balance management;
segregation of duties, staff capacity and business
continuity and debt reporting. The mission notes that
Ministry of Finance and Economic Development, or MOFED is
currently implementing reforms in the areas of public debt
management and domestic debt market development, including
i) designing a new comprehensive public debt law; ii)
implementing the reorganization of the debt management unit
in MOFED; iii) formulating and implementing a procedures
manual for debt management functions in MOFED; iv)
implementing connectivity between two major data bases,
namely CSDRMS and the integrated financial management system
of the government. As a consequence, the mission expects
several of these indicators to improve with reform implementation.
Link to Data Set
Citation
“World Bank. 2009. Debt Management Performance Assessment : Sierra Leone. © Washington, DC. http://hdl.handle.net/10986/16226 License: CC BY 3.0 IGO.”