Making Public Debt Public—Ongoing Initiatives and Reform Options

July 31, 2023

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Format: Chicago

Making Public Debt Public—Ongoing Initiatives and Reform Options, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

The paper develops and assesses options to improve public debt transparency. It first makes the case, both conceptually and empirically, for greater public debt transparency. To guide the development and assessment of options, it examines the factors hindering transparency, including capacity and governance gaps, and borrower and creditor incentives. The paper then provides a high-level overview of existing initiatives to improve public debt transparency, identifying priorities for progress and policy gaps. Next, it presents and analyzes the merits of a range of options to improve public debt transparency, drawn from reform proposals gaining prominence in policymaking circles while reflecting Fund policy priorities. The IMF could contribute to these reforms with actions within its mandate but would need significant additional resources.

Subject: External debt, Financial institutions, Monetary policy, Political economy, Public debt, Public financial management (PFM)

Keywords: Disclosure gap, Global, Government debt management, IMF team, Loans, Public debt transparency, Report coverage, Securities, Transparency assessment

Publication Details

Pages:

45
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2023/034
Stock No:

PPEA2023034
ISBN:

9798400251382
ISSN:

2663-3493

Notes

Making Public Debt Public—Ongoing Initiatives and Reform Options—Background Paper

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