Cover IMF Working Papers
Buy Book in Print
Designing Legal Frameworks for Public Debt Management
Author:
Elsie Addo Awadzi
Search for other papers by Elsie Addo Awadzi in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 147
Language:
English
Publication Date:
02 Jul 2015
DOI:
https://doi.org/10.5089/9781513529561.001
ISBN:
9781513529561
ISSN:
1018-5941
Pages:
57
Keywords:
WP; borrowing authority; fiscal policy; local government; public finance; terms and conditions; National Debt; Government loans and guarantees; Sovereign Debt; Debt management; Legal framework for Public Debt Management; payment obligation; government lending; county government entity; Legal support in revenue administration; Government debt management; Debt limits; Africa
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (4.1 MB) Download Epub
Sustainable public debt has gained renewed attention as countries implement fiscal consolidation measures in the aftermath of the global financial crisis. Sound public debt policies and debt management practices require robust legal underpinnings. Complex legal issues however arise in the design of the legal framework, and tradeoffs are required in many instances. This paper analyzes key features of modern public debt management legal frameworks, drawing from examples in advanced, emerging, and frontier markets. It aims to provide guidance for countries that seek to review and strengthen their public debt management legal frameworks.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund