We evaluated the Commonwealth Secretariat’s debt management programme, based on an analysis of their activities in eight countries
OPM has a network of high-quality consultants, including former debt managers from many OECD countries
We helped the Government of Lesotho develop a debt strategy, including clarifying its institutional arrangements and capacity needs
Our services
We focus on building strong debt management institutions, developing clearly defined procedures and creating capacity for rigorous analysis.
Our team
Ed Humphrey
Leader, Public Financial 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 pivotal role in their economic management.
Without effective coordination and oversight, debt cannot be effectively managed and government borrowing can quickly spiral out of control. Some of the most important steps in debt management therefore involve creating an effective legal and institutional structure to coordinate and control debt.
The HIPC and multilateral debt relief initiatives provided vital relief to overburdened economies. But low income countries are continuing to borrow and now have access to a wider range of potential sources of finance. To minimise the cost and risk associated with these debts, both low and middle income countries must adopt a more strategic approach to credit. The question is what should a debt strategy look like?