Background
One of the key interventions under the MEFMI Phase VI Strategic Plan is to support member countries to develop institutional, legal and regulatory frameworks for public debt management. This was necessitated by the deficiencies observed in the legal frameworks for public debt management in some countries. Well-articulated and clear legal frameworks for public debt management are fundamental for effective public debt management. Among other benefits, they aid in enhancing transparency, predictability and accountability in debt management operations. They are also a cornerstone in the establishment of strong institutional arrangements and well as in defining roles and responsibilities for those undertaking debt management function.

Further to ensuring the availability of clear legal frameworks, is need for strong institutional setup for effective public debt management. The institutional framework for public debt management should ensure segregation of duties amongst officials undertaking debt management operations, strong coordination mechanisms between entities performing debt and related functions, and clearly outline their roles and responsibilities.

To this end, MEFMI will offer a training on the Legal and Institutional Frameworks for Public Debt Management to support the on-going efforts by countries to strengthen these frameworks.

Objectives
To impart knowledge on the key tenets of the legal and institutional frameworks for public debt management. To equip participants with analytical skills for designing, analysing and reviewing existing legal and frameworks along based on sound practice.

Course Content

• Overview of the legal frameworks for public debt management, including the key component of public debt laws.

• Anatomy of loan agreements.

• Legal aspects of public debt transparency

• Institutional frameworks for public debt management.

Target Group
This course targets middle level officials responsible for public debt management and legal aspects of debt management in the Central Banks and Ministries of Finance, Planning, and Justice or Attorney General’s Offices.