This chapter pulls together the main lessons from the 18 country case studies contained in Part II of the document plus the results of a survey of debt management practices, summarized in Table I.2, to show how many countries at different stages of economic and financial developments are developing their public debt management practices in a manner consistent with the guidelines. The aim is to highlight the different ways in which countries can improve their debt management activities by illustrating the variety of ways that the key principles contained in the guidelines have been implemented in practice. References to specific practices contained in the case studies demonstrate how the guidelines are applied; further details on individual country practices can be found in the country case studies in Part II of the document. Implications of these practices for countries seeking to improve their own debt management capabilities are also discussed. The conclusions are grouped in accordance with the six sections of the guidelines: objectives for debt management and coordination with fiscal and monetary policies, transparency and accountability for debt management activities, institutional framework governing debt management activities, debt management strategy, the framework used for managing risks, and developing and maintaining an efficient market for government securities.

Accompanying Document and Selected Case Studies