12 Poland1
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
04 Aug 2003
Keywords:
M&G; debt; market; treasury; debt manager; debt management policy; debt management strategy; debt management activity; debt portfolio; Government debt management; Debt management; Bonds; Securities; Africa; Global; Europe; Maghreb; Caribbean; North America; East Asia; minister of finance; market condition; treasury securities; refinancing risk; redemption profile

Abstract

In 2001, the evaluation of the existing objectives and changes in macroeconomic conditions led to revision of the existing objectives.2 The new objectives were incorporated in the strategy of debt management for the years 2002–04. The major change in comparison with the previous strategy was a shift in emphasis regarding the goal of cost minimization, from reducing the cost burden in the three-year time horizon to long-term cost minimization. The objectives are divided into two groups with three main objectives and four complementary (conditional) objectives. The fulfillment of the conditional goals will depend on the situation in the financial markets.

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Cover Guidelines for Public Debt Management
Guidelines for Public Debt Management
Accompanying Document and Selected Case Studies
ISBN:
9781589061941
ISSN:
2663-3744
Publication Date:
04 Aug 2003
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589061941.069
Pages:
278