Debt management

One of the legacies of the last decade's debt relief is a new commitment to improving the way developing countries manage their debt.  Having been released from the burden of accumulating arrears and unsustainable debt, HIPCs are looking to use debt more strategically to finance vital programmes and play a pivitol role in their economic management.

But to take advantage of new borrowing without jeopardising the future requires new skills; a clear debt strategy that is credible to prospective lenders and approved at the highest political levels, and the institutional and legal framework to control borrowing and ensure the strategy is adhered to.  Above all, it demands that debt management is recognised as part of a wider economic approach: it must feed into macroeconomic planning, be included within budget preparation and be subject to the controls and transparency of effective public financial management.

OPM's understanding of these interlocking arenas, allied to our experience working to embed institutional and financial reforms in low and middle income countries, makes us ideally qualified to help countries introduce new debt strategies and build the institutional framework they need.

For more on our debt management capacity, see our brochure below.

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