The comprehensiveness, reliability and relevance of reporting on the financial position of the public sector, including debt operations, is vital for effective management and accountability.

Governments regularly publish information on the stock and composition of debt and financial assets, including currency, maturity, and interest rate structure. For this purpose, they make use of a variety of communication vehicles, such as public debt guidelines, regular reports on performance, and media announcements on issuance plans and design.

Active investor relations are increasingly recognized as a fundamental tool to bolster the functioning of primary and secondary markets, mitigate the refinancing risk, and ultimately reduce costs. Credit Rating Agencies are among the most important vehicles for sovereign debt managers’ communication to the market, as they provide investors with professional, systematic and standardized analyses of the risks associated with debt securities, enhancing financial markets' transparency.