Crisis Preparedness and Debt Management in Low Income Countries : 
Strengthening Institutions and Policy Frameworks

Weist, Dana; Togo, Eriko; Prasad, Abha; O'Boyle, William

dc.creator	Weist, Dana
dc.creator	Togo, Eriko
dc.creator	Prasad, Abha
dc.creator	O'Boyle, William
dc.date	2012-03-19T18:41:02Z
dc.date	2012-03-19T18:41:02Z
dc.date	2010-07-01
dc.date.accessioned	2023-02-17T21:04:48Z
dc.date.available	2023-02-17T21:04:48Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100721133631
dc.identifier	http://hdl.handle.net/10986/3856
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244820
dc.description	The magnitude of the public liabilities incurred as a result of the unprecedented government action in the wake of the financial crisis of 2008-2009, and the consequences of exiting from the projected high debt scenario, have become a major source of concern about a future sovereign debt crisis. As Low-Income Countries (LICs) face unique challenges in debt management (DeM) due to their more limited financing sources and higher capacity constraints, their ability to successfully manage their public debt burdens effectively through a crisis of this magnitude is far from assured. Therefore, the challenges of the last two years will require a re-evaluation of existing DeM strategies in LICs, focusing on the identification of institutional weaknesses and the assessment and mitigation of potential risk. It is in this context that this paper examines the application of two global public goods in LICs: the Debt Management Performance Assessment (DeMPA) and the Medium-Term Debt Management Strategy (MTDS) tools. The results of the application of these tools from 2007-2009 provide valuable information to policymakers and other stakeholders on the development of sound public DeM practices and analytical capacity, with the goal of strengthening the public balance sheet and reducing vulnerability to financial crises.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5372
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	BALANCE SHEET
dc.subject	BALANCE SHEETS
dc.subject	BANK ACCOUNT
dc.subject	BANK ACCOUNTS
dc.subject	BANK CREDITOR
dc.subject	BANK LENDING
dc.subject	BANKING CRISIS
dc.subject	BOND
dc.subject	BORROWER
dc.subject	BORROWERS
dc.subject	BORROWING COSTS
dc.subject	BORROWING REQUIREMENTS
dc.subject	BORROWING STRATEGIES
dc.subject	BUDGET
dc.subject	BUDGET DEFICIT
dc.subject	CAPACITY BUILDING
dc.subject	CAPACITY CONSTRAINTS
dc.subject	CAPITAL ACCOUNT
dc.subject	CAPITAL ACCOUNTS
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INFLOW
dc.subject	CAPITAL INFLOWS
dc.subject	CAPITAL MARKET
dc.subject	CAPITAL MARKET DEVELOPMENT
dc.subject	CAPITAL MARKET REFORM
dc.subject	CAPTIVE INVESTOR
dc.subject	CASH BALANCE
dc.subject	CASH BALANCES
dc.subject	CASH FLOW
dc.subject	CASH FLOWS
dc.subject	CASH MANAGEMENT
dc.subject	CENTRAL BANKS
dc.subject	COMMERCIAL CREDITS
dc.subject	COMMERCIAL TERMS
dc.subject	COMMODITY PRICES
dc.subject	CONTINGENT LIABILITIES
dc.subject	CONTINGENT LIABILITY
dc.subject	COUPON
dc.subject	COUPON RATES
dc.subject	CREDITOR
dc.subject	CREDITORS
dc.subject	CURRENCY COMPOSITION
dc.subject	CURRENCY RISK
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	CURRENT ACCOUNT DEFICITS
dc.subject	DEBT
dc.subject	DEBT BURDEN
dc.subject	DEBT BURDENS
dc.subject	DEBT COMPOSITION
dc.subject	DEBT CRISIS
dc.subject	DEBT DATA
dc.subject	DEBT FINANCING
dc.subject	DEBT FLOWS
dc.subject	DEBT ISSUANCE
dc.subject	DEBT LEVELS
dc.subject	DEBT MANAGEMENT
dc.subject	DEBT MANAGEMENT GUIDELINES
dc.subject	DEBT MARKET DEVELOPMENT
dc.subject	DEBT POLICY
dc.subject	DEBT RELIEF
dc.subject	DEBT RESTRUCTURING
dc.subject	DEBT SERVICE
dc.subject	DEBT SERVICING
dc.subject	DEBT SERVICING COSTS
dc.subject	DEFICIT
dc.subject	DEFICITS
dc.subject	DEPOSITS
dc.subject	DERIVATIVES
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DOMESTIC BORROWING
dc.subject	DOMESTIC CAPITAL
dc.subject	DOMESTIC CAPITAL MARKET
dc.subject	DOMESTIC CREDIT
dc.subject	DOMESTIC CURRENCY
dc.subject	DOMESTIC DEBT
dc.subject	DOMESTIC DEBT MARKET
dc.subject	DOMESTIC DEBT MARKETS
dc.subject	DOMESTIC FINANCIAL MARKET
dc.subject	DOMESTIC INTEREST RATE
dc.subject	DOMESTIC INTEREST RATES
dc.subject	DOMESTIC MARKET
dc.subject	DOMESTIC MARKETS
dc.subject	EFFICIENT MARKET
dc.subject	EMERGING MARKETS
dc.subject	EQUITY
dc.subject	EXCHANGE
dc.subject	EXCHANGE RATE
dc.subject	EXPENDITURE
dc.subject	EXPENDITURES
dc.subject	EXTERNAL BORROWING
dc.subject	EXTERNAL BORROWINGS
dc.subject	EXTERNAL DEBT
dc.subject	FINANCE
dc.subject	FINANCIAL CONTAGION
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INSTRUMENTS
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL RISKS
dc.subject	FINANCIAL SHOCKS
dc.subject	FINANCIAL STABILITY
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FINANCING REQUIREMENT
dc.subject	FISCAL POLICY
dc.subject	FIXED INVESTMENT
dc.subject	FOREIGN BANK
dc.subject	FOREIGN BANKS
dc.subject	FOREIGN CAPITAL
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN DEBT
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN INTEREST
dc.subject	FOREIGN INVESTORS
dc.subject	FOREIGN MARKET
dc.subject	FOREIGN MARKETS
dc.subject	FRAUD
dc.subject	FUTURE
dc.subject	FUTURE CASH FLOWS
dc.subject	GLOBAL MARKETS
dc.subject	GOOD
dc.subject	GOODS
dc.subject	GOVERNMENT ACCOUNTS
dc.subject	GOVERNMENT BANK
dc.subject	GOVERNMENT DEBT
dc.subject	GOVERNMENT DEBT SECURITIES
dc.subject	GOVERNMENT REVENUE
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN RESOURCE
dc.subject	INDEBTED COUNTRIES
dc.subject	INDEBTEDNESS
dc.subject	INFLATION
dc.subject	INFLATION RATES
dc.subject	INFRASTRUCTURE INVESTMENT
dc.subject	INSTITUTIONAL CAPACITY
dc.subject	INSTRUMENT
dc.subject	INTEREST
dc.subject	INTEREST COST
dc.subject	INTEREST COSTS
dc.subject	INTEREST PAYMENT
dc.subject	INTEREST PAYMENTS
dc.subject	INTEREST RATE
dc.subject	INTEREST RATE RISK
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL CAPITAL
dc.subject	INTERNATIONAL CAPITAL MARKET
dc.subject	INTERNATIONAL CAPITAL MARKETS
dc.subject	INTERNATIONAL DEVELOPMENT
dc.subject	INVESTMENT
dc.subject	INVESTOR BASE
dc.subject	ISSUANCE
dc.subject	ISSUANCE OF BONDS
dc.subject	LEGAL FRAMEWORK
dc.subject	LEGAL FRAMEWORKS
dc.subject	LENDERS
dc.subject	LIABILITIES
dc.subject	LIQUIDITY
dc.subject	LOAN
dc.subject	LOAN GUARANTEES
dc.subject	LOCAL CURRENCY
dc.subject	LONG MATURITY PERIODS
dc.subject	LONG TERM DEBT
dc.subject	MACROECONOMIC ENVIRONMENT
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MARKET BORROWING
dc.subject	MARKET CONDITIONS
dc.subject	MARKET CONTAGION
dc.subject	MARKET ECONOMY
dc.subject	MARKET ENVIRONMENTS
dc.subject	MARKET FOR GOVERNMENT DEBT
dc.subject	MARKET RISK
dc.subject	MARKET SHARES
dc.subject	MATURITY
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICY
dc.subject	MULTINATIONAL BANKS
dc.subject	OPPORTUNITY COST
dc.subject	OPTION
dc.subject	OPTIONS
dc.subject	OUTSTANDING DEBT
dc.subject	PAYMENT SYSTEM
dc.subject	PENSION
dc.subject	PENSION REFORMS
dc.subject	POLITICAL RISKS
dc.subject	POLITICAL UNCERTAINTY
dc.subject	PORTFOLIO
dc.subject	PORTFOLIOS
dc.subject	POVERTY
dc.subject	PRINCIPAL REPAYMENT
dc.subject	PRINCIPAL VALUE
dc.subject	PRIVATE CAPITAL
dc.subject	PRIVATE CAPITAL INFLOWS
dc.subject	PRIVATE CREDITORS
dc.subject	PRIVATE DEBT
dc.subject	PUBLIC BORROWING
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC DEBT MANAGEMENT
dc.subject	PUBLIC DEBT MARKETS
dc.subject	REAL INTEREST
dc.subject	REAL INTEREST RATE
dc.subject	REAL INTEREST RATES
dc.subject	REMITTANCES
dc.subject	REPAYMENT SCHEDULE
dc.subject	RESERVE
dc.subject	RESERVES
dc.subject	RETURNS
dc.subject	RISK EXPOSURE
dc.subject	RISK MANAGEMENT
dc.subject	RISK PREMIUMS
dc.subject	SECURITY
dc.subject	SHARE
dc.subject	SHORT MATURITIES
dc.subject	SOFT LOANS
dc.subject	SOVEREIGN DEBT
dc.subject	STOCK
dc.subject	SWAPS
dc.subject	TIME OF DEFAULT
dc.subject	TOTAL DEBT
dc.subject	TRADE CREDITS
dc.subject	TRANSACTION
dc.subject	TRANSACTIONS
dc.subject	TRANSACTIONS COSTS
dc.subject	TRANSPARENCY
dc.subject	TREASURY
dc.subject	VALUATION
dc.subject	VARIABLE RATE
dc.title	Crisis Preparedness and Debt Management in Low Income Countries : Strengthening Institutions and Policy Frameworks
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	The World Region