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The OECD

The OECD is a unique forum where the governments of 35 market democracies work together to address the economic, social, environmental, and governance challenges of the globalising world economy, as well as to exploit its opportunities. The OECD provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies.

In the highly specialised area of public debt management and bond market development, the OECD Working Party on Debt Management (WPDM) has functioned as a unique policy forum for the senior government debt managers from OECD Member countries. Over the years the WPDM has compiled a unique, authoritative and up-to-date pool of knowledge in that field, including issuance techniques, debt strategies, operations and statistics in that special field of government activity and policy, resulting in a set of leading practices in this specialised area of government policy. Information about sound practices for government debt management and primary and secondary market operations have also been shared with debt managers from emerging market economies. To that end, the WPDM initiated in the early 1990s a policy dialogue with transition countries and, later on, with emerging markets in several regional and global policy forums.