The mission met with governmentofficials from the Ministry of Finance and EconomicDevelopment (MoFED), comprising the departments responsiblefor debt management (DeM), i.e. the Public Debt ManagementOffice (PDMO), executing the middle and back officefunctions, and the Departments of International Cooperation,and Financial and Capital Markets, which function as thefront offices for foreign and domestic debt. The team alsomet with other relevant government agencies, and a privatebank to complete the assessment. A meeting was arranged withthe development partners in the country to inform them ofthe government’s request for a DeMPA and the key dimensionsto be assessed during the exercise; and to gain insightsfrom their experiences. The meeting schedule is given inannex one. This mission falls mainly within the scope of theassistance provided by the World Bank and its partners toimprove debt management capacity in developing countries. Tothis end, the DeMPA tool is based on a methodologicalapproach that facilitates evaluation of performance usingdifferent indicators that bring together all debt managementfunctions. These indicators cover the following areas ofactivity: (i) governance and strategy development; (ii)coordination with macroeconomic policies; (iii) borrowingand related financing activities; (iv) cash flow forecastingand cash balance management; and (v) debt recording andoperational risk management. The DeMPA assesses thestrengths and weaknesses of each country’s debt managementwithout making recommendations or assumptions as to thepotential effects of reforms under way.
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