Best Practice In Public Debt Management

One Week £ 1,900 | Two Week £3,500 | One Week ₦120,000

 

It is essential to have debt strategies that respond to modern issues such as declining revenues, a lack of international funds, increasing costs of borrowing and new risks to the government balance sheet. Effective public debt management is the cornerstone of financial stability and sustainable fiscal policy. A government's debt portfolio is often the largest in the country and can generate substantial risk to its balance sheet, with potential to undermine key development objectives. Countries therefore need capable debt management offices to design medium-term strategies, which appropriately balance cost and risk, and execute financing transactions efficiently.

This course explores practical solutions in debt management, including sources of finance, cash and asset management and performance assessment. It also includes a planned visit to the UK treasury or debt management office.

  • Fundamental concepts and techniques
  • Trends, challenges and opportunities
  • Global financial flows and different financial options
  • Links between debt management policy, monetary policy and fiscal policy
  • Legal and institutional arrangements for debt management
  • Debt strategy formulation
  • Domestic and external debt concepts and analysis
  • Alternative models of development finance: key issues
  • Audit and operational risk
  • Analysing and reporting on the debt portfolio
  • Risk management and forecasting
  • National and international reporting
  • Debt and cash management
  • Tools to assist debt managers
  • Financing gaps and macroeconomic accounts
  • Sub-national debt management
  • Developing a medium-term strategy

Upon completion of this course, the participant will, at a minimum, be able to

  • Appreciate the role and importance of public debt management and how it links with fiscal and monetary policy
  • Explain debt concepts and how domestic financial markets can increase portfolio choice
  • Analyse strengths and weaknesses of debt management operations
  • Make informed decisions on the costs and risk in the portfolio
  • Review a debt portfolio and create a sound debt management strategy