A Framework for Monitoring of and Reporting for External Project Loans in Developing Countries / Emre Balibek, Guy Anderson, Kieran McDonald.

Format:

Book

Government document

Author/Creator:

Balibek, Emre.

Contributor:

Anderson, Guy.

McDonald, Kieran.

Series:

Technical Notes and Manuals; Technical Notes and Manuals ; No. 2024/003

Technical Notes and Manuals

Language:

English

Physical Description:

1 online resource (47 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2024.

Summary:

To produce timely and accurate debt reports at the central government level, it is essential to have a sound legal, administrative, and operational framework in place for debt data compilation, reconciliation, accounting, monitoring, and reporting. This note focuses on the arrangements for external project-based debt, which present distinctive challenges in debt reporting particularly in low-income and developing countries. The discussion complements existing literature and guidance on debt transparency by focusing on stages prior to the production of debt reports. The note also identifies the links between the management of project loans and other public financial management (PFM) processes, such as public investment management, budget preparation, fiscal and financial reporting. It shows that a comprehensive approach that considers these linkages can improve efficiency and transparency in fiscal and debt management. Although the focus is on the central government’s debt obligations, the ideas can be extended to cover government-guaranteed loans and public sector debt in general.

Notes:

Description based on print version record.

ISBN:

9798400262319