Publication: Niger - Debt Management Performance Assessment (DeMPA)
Date
2022-03
ISSN
Published
2022-03
Author(s)
World Bank
Abstract
This report assesses Niger’s debt
management capacity and institutions through the application
of the Debt Management Performance Assessment (DeMPA)
methodology. Revisiting the five core dimension areas of the
DEMPA, there are key features that stand out. First, in
governance and debt management strategy benefit from clear
legal frameworks for borrowing activities. Implementation
needs to be improved, including mainly the assessment of
Niger’s debt management strategy. Second, there is a good
coordination of debt management strategy with macroeconomic
policies due to the clear separation between monetary policy
and debt management activities and the use of harmonized
debt projections for the budget and the debt management
strategy. Third, with respect to borrowing and related
financing activities, the Government makes use of
market-based instruments on the regional market to fund
domestic borrowing requirements, but external debt strategy
needs to build on an annual borrowing plan. Fourth, good
cash flow forecasting and good cash balance management build
on the creation of the Treasury Single Account. Fifth, debt
recording, and operational risk management are in need of
significant improvements. The report has more detailed
overview of these aspects and the progress made since the
last DEMPA in 2012.
Citation
“World Bank. 2022. Niger - Debt Management Performance Assessment (DeMPA). © Washington, DC. http://openknowledge.worldbank.org/handle/10986/38069 License: CC BY 3.0 IGO.”