Cover IMF Working Papers
Sovereign Investor Relations: From Principles to Practice
Author: Mr. James Knighthttps://orcid.org/0000-0002-9533-6601 and Bill Northfield
Series:
IMF Working Papers
Volume/Issue:
Volume 2020: Issue 204
Language:
English
Publication Date:
18 Sep 2020
DOI:
https://doi.org/10.5089/9781513556369.001
ISBN:
9781513556369
ISSN:
1018-5941
Pages:
50
Keywords:
WP; IR staff; debt manager; IR strategy; non-resident investor; IR function; Public Debt Management; Investor Relations; Government Securities Markets; sovereign IR; senior debt; investor base; Government debt management; Debt management; Communications in revenue administration; Debt strategy; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper defines sovereign investor relations (IR) and places it in the context of modern debt management theory. It highlights the role that improvements in IR and debt transparency can play in improving the cost-risk tradeoff in debt management, supporting market access and acting as a first line of defense in times of crisis. It sets out a policy framework and institutional arrangements for effective IR, as well as discussing the various practices, publications and strategies that underpin an IR program.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund