Debt Management Performance Assessment : Burkina Faso
The Debt Management Performance Assessment (DeMPA) is a methodology for assessing government Debt Management (DeM) performance through a comprehensive set of indicators spanning the full range of DeM functions. The assessment reveals that Burkina F...
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Language: | English en_US |
Published: |
Washington
2013
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Online Access: | http://documents.worldbank.org/curated/en/2008/05/13950710/burkina-faso-debt-management-performance-assessment-dempa http://hdl.handle.net/10986/16229 |
Summary: | The Debt Management Performance
Assessment (DeMPA) is a methodology for assessing government
Debt Management (DeM) performance through a comprehensive
set of indicators spanning the full range of DeM functions.
The assessment reveals that Burkina Faso's DeM
institutions' performance meets minimum requirements in
six out of the fifteen debt performance indicators. All
external loans that are contracted by the government respect
a 35 percent minimum concessionality condition and are
analyzed and approved by a debt committee; formal evaluation
reports are produced for each project considered. Finally,
Burkina has a fairly well-managed front office that
concentrates relations with all donors and is thus better
able to maximize the volume of concessional financing and
avoid non-concessional borrowing. Nevertheless, Burkina Faso
does not meet the minimum requirements in a total of
fourteen dimensions across nine Debt Performance
Indicator's (DPIs), and it only exceeds the minimum
requirements in four indicators, underlining the critical
importance of maintaining and strengthening the reform
momentum. Finally, a long-term objective should be to
separate the policy and technical aspects of debt
management. At present, National Public Debt Committee
(CNDP) is involved in both: on the policy side, it approves
the debt policy and debt strategy; on the technical side, it
discusses each loan, verifying that projects are well
designed and the underlying financing arrangement is appropriate. |
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