Debt Management and Financial Analysis System

Legal aspects of debt and financial management

Many speakers stated that debt sustainability analysis was an important element in improving debt management.

Additional measures to improve debt management were therefore required.

1. Solution to debt problem Joint programme on External Debt Management with UNCTAD and World Bank

The importance of the Government's debt management policy was noted.

Towards a human rights based approach to sustainable debt management

14. Management of Africa apos s external debt (in part)

33 UNCTAD is implementing a project on development strategy and debt sustainability, which also integrates aspects of debt management.

It can also provide technical expertise to Arab policymakers on debt management.

With respect to debt management, UNCTAD has a joint project with the World Bank (financed by UNDP) to develop, install and provide training in the application of computerized debt management systems.

quot (h) Technical cooperation with developing countries in debt management and renegotiation, and provision of advice to them on debt issues

Stressing also the importance of a sound enabling environment for effective debt management,

Strengthening debt management capacity should be an integral part of this strategy.33

In addition, a seminar on debt management was jointly organized recently at Damascus.

27. Invites the international community, including the United Nations system, to continue efforts to increase financial support in respect of capacity building activities for developing countries in the area of debt management and debt sustainability, and encourages countries to create transparent and accountable debt management systems

The different training clusters international affairs management, environment and sustainable development, debt and financial management, international trade and the information society have not changed.

(g) To establish effective debt tracking mechanisms in developing countries and strengthen technical assistance for external debt management and debt tracking, including through enhanced cooperation and coordination between organizations providing assistance in this regard

Improved economic management has reduced budget deficits and lowered public debt and, as a result, monetary management has been able to improve inflation performance greatly.

UNCTAD activities in debt management were discussed during the visit of the IDB delegation in March 1993.

Finally, GDP indexed bonds and other tools for dealing sensibly with unsustainable debt could be applied exclusively to member states debt not covered by the program and in line with international best practices for sovereign debt management.

External macroeconomic forces trade, debt management, direct investment, capital flows and access to technology must support development objectives.

Why debt relief now? Liberia obtained its debt write off by initiating profound changes in its governance and economic management in order to provide the institutional capability to manage debt prudently and spend resources wisely in the future.

11A The orientation of work for this subprogramme will continue to be in the broad areas of finance for development, including the future evolution of the international debt strategy, debt reorganization, debt management and finance for environmental protection.

Strengthening developing countries' debt management capacity should also be an integral part of the national debt policy and be consistent with the broad macroeconomic and sectoral policies of a country.

Representative government, and its logical outgrowth, the democratic principle, became part of the classic model of good debt management.

24. In the area of debt management, the UNCTAD secretariat has continued cooperation with the Islamic Development Bank (IDB).

These include trade, debt management, direct investment, capital flows, access to technology, subregional and regional cooperation, and other areas.

Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

Such contributions have been directed, in particular, to financing country projects in the areas of custom reform and debt management.

Successful management of sovereign debt that Governments owe to foreign creditors presents difficult challenges to many developing and transition economies.

68. Addressed The Nigerian External Debt Management Society on quot Transnationals and socio economic development in Africa quot , May 1993.

The Chief Minister expressed appreciation to the Commonwealth Secretariat for assistance in the installation of a computerized debt recording and monitoring system, to aid the Territory in the management of the public debt.

He greatly valued country level assistance in areas such as customs reforms, debt management, and trade and investment related technical assistance.

Furthermore, DMFAS consultants spent a total of 27 weeks in seven different African countries, mainly to provide training in debt management.

46. Management of abundance is crucial to avoid some new quot debt crisis quot of a different nature in the 1990s.

The Fund also continued to provide extensive technical assistance for the effective management of policy reforms in many areas, including public finance, monetary policy, debt management and exchange rate management, as well as in the design of social safety nets.

The heavy debt burden of LDCs continues to be one of the stumbling blocks on their path to economic progress and successful adjustment, despite steps taken by the LDCs themselves to improve their debt situation and management, and the debt relief extended to them.

Debt sustainability and debt relief

In future, prudent lending and borrowing should be ensured and systematic international cooperation to improve debt management in the poorest countries envisaged.

46. Until recently, one of the most challenging tasks faced by the Philippine Government had been the management of its external debt.

Although no external relief for domestic debt is envisaged, success in achieving the Millennium Development Goals will be greatly assisted by ensuring macroeconomic stability, of which prudent domestic public debt management is an important element.

B. External debt and debt relief

Policymakers can manage these perceptions by improving public sector governance, ensuring sound macroeconomic management, promoting a transparent and supportive legal framework for private sector activity, building debt management capacity, and protecting investors from expropriation.

(d) Conducting studies on member States' policies on growth, economic reforms, domestic resource mobilization, international financial flows, external debt and exchange rate management