Latest Documents

31st OECD Global Forum on Public Debt Management

31st OECD Global Forum on Public Debt Management

OECD Sovereign Borrowing Outlook 2023

30th OECD Global Forum on Public Debt Management

22-23 May 2023 - This year's forum will focus on challenges and opportunities for public debt managers as countries are emerging from the pandemic with greater debt.

OECD Sovereign Borrowing Outlook 2023

The 2023 edition of the OECD Sovereign Borrowing Outlook analyses the impact of increased macroeconomic and geopolitical uncertainty on sovereign borrowing needs and borrowing conditions. It provides outstanding debt amounts from 2007 to 2022, along with 2023 projections for OECD member countries. It also reviews sovereign debt issuance trends in emerging markets and developing economies.

The rise in public debt caused by the COVID-19 crisis and the related challenges

27 May 2021- All across the world, the COVID-19 pandemic has given rise to exceptional needs for government spending while at the same time reducing tax revenues. The result is an increase in public debt almost everywhere. This statement by the OECD Secretary-General describes responses to date and proposes options for the future.

Responding to COVID-19 challenges: Cash buffers for a rainy day

8 April 2020 - The coronavirus (COVID-19) pandemic is posing many challenges for the economy and public financial management systems. Yasemin Hurcan, Fatos Koc and Emre Balibek talk about how "cash buffers" can help governments mitigate short-term liquidity needs.

The liquidity buffer practices of public debt managers in OECD countries

This paper summarises and discusses results from a survey of the liquidity buffer practices of debt managers in OECD countries. It includes detailed information on their purpose, cost, level and investment. While the level, investment, transparency and other governance features vary, the survey results show that keeping a liquidity buffer is a common practice among debt management offices in OECD countries.

The role of public debt managers in contingent liability management

This working paper explores the role of public debt managers in contingent liability management based on the results of a background OECD survey and the information provided by seven task force countries. The results indicate that there are certain roles and responsibilities assumed by the public debt managers in this field, while the degree of involvement differs widely across countries.

Assessing the cost effectiveness of index-linked bond issuance

Sovereign index-linked bond issuance has grown significantly since the early 1980s and index-linked bonds have become a widely accepted part of the set of instruments that sovereign debt managers use for funding purposes. This paper sets out a methodology for assessing their cost effectiveness relative to other financing options, using UK examples for illustration.

Government Debt Management and Operational Risk: A Risk Management Framework and its Application in Turkey

The management of operational risk is at the heart of efficient government, but countries often fail to apply good or even routine operational risk management practices and have difficulty in understanding how to put the processes in place. This paper sets out a widely-applicable and relevant policy approach and management framework and illustrates its practical application in Turkey.