Recent reviews of possible shortcomings in existing international leading practices for raising, managing, retiring and trading public debt (such as those promulgated by the IMF, World Bank, OECD and UNCTAD) were in particular motivated by the (potential) impact of the huge borrowing challenges all over the world in the wake of the global crisis, leading to very high government debt to GDP ratios as well as a strong rise in the issuance of contingent liabilities by many governments.[...]