Background

Over the years, governments’ financial portfolio has become large with complex and risky structures due to the need to finance sustained growth agenda, social protection and development programmes. This has generated substantial risk to government balance sheets and the countries’ financial stability. Therefore, it requires sound risk management, public debt structures, maintenance of supportive macroeconomic policy settings. However, the development landscape environment keeps evolving with diversity of funding options, several development cooperation players, globalisation issues, emergence critical issues to be addressed such as economic growth, debt accumulation, digital innovations, and increased volatility. In addition, debt distressed countries still face challenges despite debt relief initiatives, financial sector reforms and post COVID-19 pandemic economic growth recovery.

In this regard, MEFMI will offer this regional virtual workshop to help member countries explore the financing opportunities, while managing the associated costs and risks more effectively.

Objectives

The course aims:

• To enhance participants’ understanding of the opportunities and challenges arising from the evolving development finance landscape; and

• To identify main sources and trends in development financing options (public, private, domestic and international), associated costs and risks as well as highlight opportunities, challenges and complexities.

Course Content

This course will cover:

• Introduction and overview of the development financing landscape

• Traditional Sources (Multilateral and Bilateral)

• Emerging Bilateral (BRICS)

• PPPs & Blended Finance

• Private Sources (FDI, Commercial Banks, Other Private Creditors, International Sovereign Bonds, Sukuk)

• Other Sources (Sovereign Wealth Funds, Philanthropic Organisations)

• Sustainable Financing and Climate Related Debt Instruments

• Local Currency Debt Instruments

Target Group

Junior to middle debt management officers responsible for debt management functions in Ministries of Finance, Economic Planning and Development and Central Banks.