The Public Debt Management Newtwork
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Institutional Framework

The regulatory framework in each country reflects to an important degree its own legal, political and institutional history. However, there are some general considerations that are applicable to all regulatory frameworks for debt management. In fact, government debt management legislation, along with laws covering the operation of fiscal and monetary policy and the government's auditing functions, is a central element of the governance framework aimed at generating sound financial policies, adequate disclosure requirements and proper accountability.

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