Training in Debt Compilation, Reporting and Monitoring

The recent increase in public debt vulnerabilities in low-income countries, including those in the MEFMI region, has heightened the need for a more comprehensive and transparent accounting of public sector debt. Public debt transparency is key in supporting the principles of sustainable borrowing and lending practices. For instance, it allows governments to accurately track the evolution of their debt situation, and to effectively monitor and manage debt-related risks and vulnerabilities. Transparency also allows lenders to accurately assess a government’s debt position, borrowing capacity, and creditworthiness before extending new and/or additional credit. This can help lenders and borrowers to avoid agreements that could cause future financial difficulties. However, faced with increasingly diversified financing options and complex debt creating financing instruments, many governments have yet to reach the minimum standards for achieving debt transparency. This is exacerbated by, among others, high staff turnover that continues to be a common and recurrent problem in low-income countries’ debt offices