Debt Management Performance Assessment : Zimbabwe
The mission met with government officials from the Ministry of Finance and Economic Development (MoFED), comprising the departments responsible for debt management (DeM), i.e. the Public Debt Management Office (PDMO), executing the middle and back...
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| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/110041578588468180/Zimbabwe-Debt-Management-Performance-Assessment-DeMPA http://hdl.handle.net/10986/33214 |
| Summary: | The mission met with government
officials from the Ministry of Finance and Economic
Development (MoFED), comprising the departments responsible
for debt management (DeM), i.e. the Public Debt Management
Office (PDMO), executing the middle and back office
functions, and the Departments of International Cooperation,
and Financial and Capital Markets, which function as the
front offices for foreign and domestic debt. The team also
met with other relevant government agencies, and a private
bank to complete the assessment. A meeting was arranged with
the development partners in the country to inform them of
the government’s request for a DeMPA and the key dimensions
to be assessed during the exercise; and to gain insights
from their experiences. The meeting schedule is given in
annex one. This mission falls mainly within the scope of the
assistance provided by the World Bank and its partners to
improve debt management capacity in developing countries. To
this end, the DeMPA tool is based on a methodological
approach that facilitates evaluation of performance using
different indicators that bring together all debt management
functions. These indicators cover the following areas of
activity: (i) governance and strategy development; (ii)
coordination with macroeconomic policies; (iii) borrowing
and related financing activities; (iv) cash flow forecasting
and cash balance management; and (v) debt recording and
operational risk management. The DeMPA assesses the
strengths and weaknesses of each country’s debt management
without making recommendations or assumptions as to the
potential effects of reforms under way. |
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