Public debt management


OECD Sovereign Borrowing Outlook 2022

This edition of the OECD Sovereign Borrowing Outlook reviews the impact of the COVID-19 crisis for sovereign borrowing needs, funding conditions and funding strategies as well as outstanding debt for 2020 and 2021, and provides projections for 2022 for the OECD area. It discusses public debt management efforts to support government Environmental, Social and Governance (ESG) agendas through investor relations and ESG-labelled sovereign bonds, and identifies strategic challenges and key elements of good practices in light of country experiences. It also examines the recent developments and trends in debt issuance by governments of emerging market and developing economies, and presents various challenges, priorities and opportunities for sovereign debt management in these economies.

Published on May 11, 2022

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Abbreviations and acronyms
Executive summary
Sovereign borrowing outlook for OECD countries
ESG practices and challenges from a public debt management perspective
Sovereign debt issuance trends in emerging-market economies
Annexes2 chapters available
OECD 2021 Survey on Primary Markets Developments
OECD 2021 Survey on Liquidity in Government Bond Secondary Markets
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