The relevance of these Global Forums has increased over the years as debt managers from emerging market countries increasingly face challenges similar to those of their counterparts from advanced markets due to pressures from global finance, the international nature of financial volatility, and the related need to share and implement best practices in this policy area. In addition, emerging markets have become more important players.

Governments, investors, and financial intermediaries in both advanced and emerging markets stand to gain from debt managers making further progress in implementing best practices.

The Global Forum is organised under the aegis of the OECD Working Party on Debt Management and financially supported by the Japanese government.

The 2017 forum was held on 15-16 February 2017 and focused on:

• policy challenges posed by the global macroeconomic environment
• primary market operations, in particular PD models and choice of auction mechanisms
• pricing and managing contingent liabilities: where do debt managers stand?
• implications of debt strategies for domestic debt markets.