More than half of the low-income countries are at high risk of debt distress or already in distress, with elevated interest costs and refinancing needs affecting public fiscal space for social programs and private investments necessary for job creation.
Adopting and implementing debt management strategies can help reduce the costs and risks of debt, improve accountability, and support the sustainable development of domestic debt markets – all of which contribute to reducing debt vulnerabilities.
The Debt Management Academy Impact Program aims to help decision-makers in low-income countries to proactively manage public debt portfolios through targeted reforms and operational enhancement.
Participants in this program will:
- Learn to develop and apply debt management strategies that reduce debt risks, provide objective debt analysis, foster collaboration, and draw on successful country experiences.
- Develop country-specific plans aligned with Public Debt Management Guidelines.
- Examine how parliaments and audit institutions assess debt management strategies implementation and increase accountability
- Work with peers to improve parliamentary oversight of debt management.
Partners: The International Monetary Fund, the Macroeconomic and Financial Management Institute of Eastern and Southern Africa, the West African Institute for Financial and Economic Management, the African Network of Parliamentary Budget Offices, the Westminster Foundation for Democracy, and the International Organization of Supreme Audit Institutions.
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