IMF Working Papers

Sovereign Investor Relations: From Principles to Practice

By James Knight, Bill Northfield

September 18, 2020

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Format: Chicago

James Knight, and Bill Northfield. Sovereign Investor Relations: From Principles to Practice, (USA: International Monetary Fund, 2020) accessed November 5, 2024

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.

Summary

This paper defines sovereign investor relations (IR) and places it in the context of modern debt management theory. It highlights the role that improvements in IR and debt transparency can play in improving the cost-risk tradeoff in debt management, supporting market access and acting as a first line of defense in times of crisis. It sets out a policy framework and institutional arrangements for effective IR, as well as discussing the various practices, publications and strategies that underpin an IR program.

Subject: Asset and liability management, Communications in revenue administration, Debt management, Debt strategy, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Communications in revenue administration, Debt management, Debt manager, Debt strategy, Global, Government debt management, Government Securities Markets, Investor base, Investor Relations, IR function, IR staff, IR strategy, Non-resident investor, Public Debt Management, Senior debt, Sovereign IR, WP

Publication Details

  • Pages:

    50

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2020/204

  • Stock No:

    WPIEA2020204

  • ISBN:

    9781513556369

  • ISSN:

    1018-5941