Basic course on Public Debt Management (2019)

Public debt management is the process of establishing and executing a strategy for managing a governments' debt in order to raise the required amount of funding, achieve its risk and cost objectives, and to meet any other debt management goals that a government may have set, such as developing and maintaining an efficient market for government securities. This course provides an overview of public debt management by explaining concepts in a user-friendly language, avoiding mathematics and using simple illustrations and country examples. The objective of the course is to explain in layman's language - based on UNITAR's considerable past experience and prior trainings - concepts and techniques of public debt management. Besides overall concepts, this course will provide in-depth understanding of debt sustainability issues, an appreciation of public debt management in the budgetary context, explain facets of external and domestic public borrowing, and introduce participants to the meaning and implication of contingent liability and risk management.