Debt Management Performance Assessment (DeMPA) Tool Training Concluded in Shanghai
From January 6-10, 2014, the Debt Management Performance Assessment (DeMPA) Tool Training, which is co-organized by the Asia-Pacific Finance and Development Center (AFDC) and the Economic Policy and Debt Department of the World Bank, was recently held in Shanghai.
The training attracted 29 participants responsible for debt management functions from 16 countries in the region. Dr. Peng Runzhong, Director of AFDC and Ms. Lilia Razlog, Debt Specialist of the World Bank jointly opened the training and delivered an opening speech respectively on behalf of the co-organizers of the training.
The DeMPA tool, which is developed by the World Bank, evaluates strengths and weaknesses in public debt management, through a comprehensive set of 15 performance indicators covering six core areas of public debt management: (1) governance and strategy development; (2) coordination with macroeconomic policies; (3) borrowing and related financing activities; (4) cash flow forecasting and cash balance management; (5) operational risk management; and (6) debt records and reporting.
Its scope is central government public debt management and closely related functions such as issuance of loan guarantees, on-lending and cash flow forecasting and cash balance management. A DeMPA can help guide the design of actionable reform programs, facilitate monitoring of performance over time, and enhance donor harmonization based on a common understanding of priorities.
The faculty team of this training consists of three members, i.e. Ms. Lilia Razlog and Mr. Fernando L. Hernandez of the World Bank and Mr. Ian Storkey, who is consultant of the World Bank and also honored as Father of the DeMPA tool. In addition to the lectures given by the experts, there are also several country presentations from Samoa, Cambodia, Mongolia, Vietnam, and Lao PDR updating their current progress on using the DeMPA tool to guide their debt management work.
