Debt Management Performance Assessment : Maldives

World Bank

World Bank, Washington, DC

关键词: PUBLIC DEBT;    DEBT MANAGEMENT;    DONOR COORDINATION;    GOVERNANCE;    MACROECONOMIC MANAGEMENT;   

RP-ID  :  139771

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

A World Bank (WB) mission undertook anassessment of the government's debt management(DeM)capacity and institutions in Maldives during March 20-29,2019, at the request of theMinistry of Finance (MoF). Theobjective of the mission was to assess the DeM strengthsandareas in need of reform through the application of theDebt Management Performance Assessment (DeMPA) methodology.This is the second evaluation for Maldives; the first DeMPAwas conducted by the WB in 2009. The MoF has implemented aseries of public finance management reforms in legal andinstitutional arrangements since the last DeMPA. Treasuryoperations have experienced a complete overhaul, includingthe rolling out an Integrated Financial ManagementInformation System (SAP) to government entities onMale', establishment of a Treasury Single Account (TSA)and the development of cash flow forecasting procedures. Thecoverage of the debt management system, the CS-DRMS, hasalso been expanded and is now used as a central database foralmost all debt obligations (excluding Islamic instruments).The DeMPA methodology, revised in 2015, provides acomprehensive set of indicators spanning the full range ofDeM functions and is used for in-depth analysis ofgovernment debt management functions and institutions. Theresults of the assessment help the central governmentauthority to take stock of the current DeM situation anddesign medium term priority reforms. The results of2019's assessment for Maldives demonstrate manybroad-based improvements implemented in Maldives and providehighlights of pending reforms.