Debt Management Performance Assessment
At the request of the Government of Kosovo (GoK), a World Bank (WB) mission visited Kosovo during September 26 to October 04, 2017 to conduct a debt management performance assessment (DeMPA). The objectives of the mission were (i) to assess the strengths and areas of development; (ii) to discuss the authorities’ immediate needs for TA and follow-up reform plan activities. This report assesses the debt management performance of the government to manage central government debt by applying the 2015 DeMPA methodology. This is the second evaluation of the government debt performances for the country. The first DeMPA assessment was conducted in 2012. Kosovo also benefitted from a Medium-Term Debt Management Strategy mission in February 2017. The mission worked with government officials from Cash and Debt Management Department (CDMD) of the Treasury, an agency of Ministry of Finance (MoF), as the main counter party. Meetings were also held with the Central Bank of Kosovo (CBK), National Audit Office (NAO), Kosovo Pension Savings Fund (KPSF), and three primary dealer banks, as well as with various units of the MoF, including human resources, legal office and internal audit. The mission agenda and the list of officials met during the mission are included in Annex 1. The main findings of this assessment along the five main areas of the DeMPA methodology are summarized below. Overall, there have been noteworthy improvements in various areas of debt management, including strategy development, domestic borrowing, debt reporting and recording. Challenges mainly arise from staffing constraints, which induce a high level of operational risk.
| Main Author: | |
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| Format: | Report biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017-12
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| Subjects: | DEBT MANAGEMENT, DEBT SUSTAINABILITY, DEBT STRATEGY, MACROECONOMIC POLICY, FISCAL POLICY, MONETARY POLICY, PUBLIC DEBT, EXTERNAL DEBT, BORROWING, GUARANTEES, CASH FLOW FORECASTING, DEBT ADMINISTRATION, |
| Online Access: | http://documents.worldbank.org/curated/en/443711592944950079/Kosovo-Debt-Management-Performance-Assessment-DeMPA https://hdl.handle.net/10986/34005 |
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| Summary: | At the request of the Government of
Kosovo (GoK), a World Bank (WB) mission visited Kosovo
during September 26 to October 04, 2017 to conduct a debt
management performance assessment (DeMPA). The objectives of
the mission were (i) to assess the strengths and areas of
development; (ii) to discuss the authorities’ immediate
needs for TA and follow-up reform plan activities. This
report assesses the debt management performance of the
government to manage central government debt by applying the
2015 DeMPA methodology. This is the second evaluation of the
government debt performances for the country. The first
DeMPA assessment was conducted in 2012. Kosovo also
benefitted from a Medium-Term Debt Management Strategy
mission in February 2017. The mission worked with government
officials from Cash and Debt Management Department (CDMD) of
the Treasury, an agency of Ministry of Finance (MoF), as the
main counter party. Meetings were also held with the Central
Bank of Kosovo (CBK), National Audit Office (NAO), Kosovo
Pension Savings Fund (KPSF), and three primary dealer banks,
as well as with various units of the MoF, including human
resources, legal office and internal audit. The mission
agenda and the list of officials met during the mission are
included in Annex 1. The main findings of this assessment
along the five main areas of the DeMPA methodology are
summarized below. Overall, there have been noteworthy
improvements in various areas of debt management, including
strategy development, domestic borrowing, debt reporting and
recording. Challenges mainly arise from staffing
constraints, which induce a high level of operational risk. |
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