Publication: Debt Management Performance Assessment : Republic of Moldova
Date
2008-04
ISSN
Published
2008-04
Author(s)
World Bank
Abstract
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.
Citation
“World Bank. 2008. Debt Management Performance Assessment : Republic of Moldova. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/16224 License: CC BY 3.0 IGO.”