| Description |
1 online resource (57 pages) |
| Series |
IMF working paper ; WP/15/147 |
|
IMF working paper ; WP/15/147.
|
| Contents |
Cover; Abstract; Table of Content; I. Introduction; II. What is the Legal Framework for Public Debt Management?; III. Legal Framework Design Considerations; IV. Key Elements of Sound PDM Legal Frameworks; A. Scope of Public Debt; B. What Guides Public Debt Management?; C. Legal Mandate to Borrow; D. Borrowing Purpose (s); E. Debt Ceilings; F. Borrowing by Public Sector Entities; G. Contingent Liabilities; H. Government Lending and On-Lending; V. Institutional Arrangements For Effective Public Debt Management; A. The Role of the Legislature; B. The Role of the Executive |
|
C. Agents, Advisors, and DealersVI. Transparency, Accountability And Reporting; A. Transparency; B. Enforcement and Sanctions; VII. Conclusion; REFERENCES |
| Summary |
"Sustainable public debt has gained renewed attention as countries implement fiscal consolidation measures in the aftermath of the global financial crisis. Sound public debt policies and debt management practices require robust legal underpinnings. Complex legal issues however arise in the design of the legal framework, and tradeoffs are required in many instances. This paper analyzes key features of modern public debt management legal frameworks, drawing from examples in advanced, emerging, and frontier markets. It aims to provide guidance for countries that seek to review and strengthen their public debt management legal frameworks."--Abstract |
| Notes |
"July 2015." |
| Subject |
Debts, Public.
|
|
Debts, Public
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Legal Department.
|
| ISBN |
9781513567280 |
|
1513567284 |
|
