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Brief History of the PDM Network

Since the end of 2004, the Italian Treasury and the OECD have established the OECD- Italian Treasury Public Debt Management Network in Emerging Markets which promotes a permanent international dialogue in public debt management between developed and developing countries. In 2013, the Bank expressed the willingness to join the Public Debt Management Network in Emerging Markets and the Italian Treasury and the OECD confirmed their interest in collaborating with the Bank within the Public Debt Management Network in Emerging Markets.

The idea of a Network among public debt managers and other organisations dedicated to emerging countries was launched in 2001 in informal meetings between the Italian Treasury and OECD, and afterwards by its inclusion in the agenda of 2002 and 2003 OECD Global Forum on Public Debt Management and Emerging Government Securities Markets. In particular, Session II of the 13th OECD Global Forum was dedicated to: “The launch of the OECD-Italian Treasury Multilateral Public Debt Management Network”.

Extract from minutes of the 13th OECD Global Forum: “One session of the Forum was the occasion to informally launch the new Multilateral Network on Public Debt Management, a new entity born from the initiative and the joint collaboration of the OECD and the Italian Treasury, intended to provide, especially to debt managers from emerging countries, with a permanent technical centre for the diffusion of debt management techniques, experiences and information, with the aim of further improving the quality and the effectiveness of debt management practices and strategies, while reducing the vulnerability of emerging countries to external financial shocks or debt crisis contagion. The Network, the main external evidence of which will be a Network dedicated Website released in 2004, has officially started its activity with the organization of this second session, addressing topics of interest for transition and emerging economies’ debt managers.”

Main steps of the PDM Network initiative

2001/02 Discussion of the project between the OECD and the Italian Treasury, with the essential role played by Gianluca Colarusso, first responsible for the PDM Network. Gianluca Colarusso put a huge effort in activating contacts with representatives of the Italian Permanent Delegation at the OECD and with representatives of OECD – DAF (Department of Fiscal Affairs) and WPDM, with the aim of clarifying the project’s mission and setting up resources, participants and activities. He also put forward an exhaustive analysis of the future complex organisational structure, with an effective multilateral character. Unfortunately, he was not able to see the fruits of his work, but the PDM Network is indebted to him for his invaluable contribution.

2002/03 12th and 13th OECD Global Forums On “Government Securities Markets and Public Debt Management in Emerging Markets”: presentation and discussion of the initiative.

2004 The Memorandum of Understanding (MoU) between the OECD and the Italian Treasury is signed.

2005 A static and dynamic website is set up by the Italian Treasury – Public Debt Directorate.

2006 The website is maintained and enriched with documents and new interactive features are developed.

2007 The “Academic Circle” is launched and organised.

2008 Enlargement of Partner participation and improvement of information quality.

2008 Monthly newsletters drafted by the Secretariat are available to all internet users and sent regularly to Partners.

2009 Website restyling. Content and information improvement.

2009 Weekly newsletters, available in the dedicated website pages on the reserved area of the website, are sent to Partners via email.  

2011  The “Network News” section is daily updated  in the Public area of the Network’s website.  

2011 All documents uploaded on the website can be found in both public and reserved areas of the website.  

2013 A New Memorandum of Understanding has been signed by the Italian Treasury, the OECD and the World Bank. 

2014 Involvement of the PDM Network website forum platform as post- webinar discussion platform organized by the World Bank .

2015 Simplification of website interface functions. 

2016 Definition of the new website architecture. 

2017 The Memorandum of Understanding has been has been signed by the Italian Treasury, the OECD and the World Bank.

2017 Launch of a new website, completely accessible to all internet users.