Debt Management Performance Assessment : Maldives

World Bank

Washington, DC

关键词: ACCOUNTING;    ADVISORY SERVICES;    AMORTIZATION;    AMORTIZATIONS;    APPROVAL PROCEDURE;   

RP-ID  :  60358

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

From October 19 to 27, 2009, a WorldBank team in collaboration with the Commonwealth Secretariatundertook a debt management performance assessment of theGovernment of the Republic of Maldives (GRM). The objectivewas to undertake a comprehensive assessment of debtmanagement functions using the Debt Management PerformanceAssessment tool (DeMPA), version of November 2008. As partof the assessment, the team met relevant officials dealingwith public debt management in Maldives from the Ministry ofFinance and Treasury (MOFT), the Maldives Monetary Authority(MMA), the Attorney General, the Auditor General'soffice, the National Disaster Management Centre, CapitalMarkets Development Authority, the State Bank of India andthe Bank of Maldives. The assessment for Maldives wastimely. The current situation shows moderately highgovernment debt levels (around 55 percent of GDP) withsustainability indicators reflecting vulnerabilities (atcurrent trajectory of primary deficit, the InternationalMonetary Fund (IMF) article four report estimated debtlevels would reach 75 percent of GDP by 2013). The recentlyconcluded Public Expenditure and Financial Accountability(PEFA) findings highlighted areas for improvement relatingto budget execution and credibility, audit and legislativeoversight, cash management and the Treasury Single Account(TSA), and monitoring and managing fiscal risks.