Course: Parliaments and the Budget (Self-Paced)

Course Details

  • Target Audience: Debt managers and Central Bank officials dealing with debt management, government auditors, and related.
  • Time Commitment: 30 hours
  • Language: English
  • Platform: Free on World Bank's 'Open Learning Campus'
  • Contact: Oumi Himid (uhimid@worldbank.org)

About The Course

The DeMPA tool – the subject of this course - provides a comprehensive set of indicators for assessing debt management performance that are based on sound practices in government debt management.

Course Overview

Developing countries face various policy, institutional, and operational challenges due to weak debt management capacity and lack of efficient debt markets. Recent challenges include:

  • The emergence of new markets and creditors
  • Rapid global flows of financing
  • Blurring of global financial boundaries that have radically altered the financial landscape facing developing counties

Against this background, developing countries need to strengthen their debt management capacity to assure that government funds are raised consistent with fiscal and debt management objectives. This e-learning course will provide participants with knowledge on application of the revised DeMPA (2015) tool to assess comprehensive debt management functions in their countries.

The DeMPA tool provides a set of indicators for comprehensively assessing debt management performance in developing countries. The debt management performance indicators (DPIs) span five core areas of public debt management, covering:

  1. Governance and strategy development
  2. Coordination with macroeconomic policies
  3. Borrowing and related financing activities
  4. Cash flow forecasting and cash balance management
  5. Debt recording and operational risk management

Based on the Public Expenditure and Financial Accountability (PEFA) methodology for public financial management and sound practices in government debt management, the indicators represent an internationally recognized and comprehensive methodology for assessing debt management performance in relation to country peers and monitoring progress over time. The indicators are useful to guide the design of reform programs, monitor debt management performance over time, and enhance donor harmonization.

This course is based on a revised methodology applicable since July 2015.

Course Objectives

By the end of this course, participants are expected to:

  • Understand the scope, coverage and rationale behind the 14 DeMPA DPIs.
  • Understand inter-linkages between the indicators.
  • Be familiar with the DeMPA scoring methodology.
  • Discuss and deliberate on methodology for assessment of DPIs.
  • Be able to use the DeMPA methodology to evaluate and track progress on debt management performance using evidence-based data in their countries.

Course Outline

  • Module 1: Introduction to DeMPA
  • Module 2: Governance and Strategy Development
  • Module 3: Coordination with Macroeconomic Policies
  • Module 4: Borrowing and Related Financing Activities
  • Module 5: Cash Flow Forecasting and Cash Balance Management
  • Module 6: Debt Recording and Operational Risk Management

Target Audience

Debt managers and Central Bank officials dealing with debt management in client countries, technical assistance providers in client countries, government auditors, as well as World Bank country economists.

Decisions on admittance to the course are made based on whether applicant qualifications match the target audience profile and the availability of space (given the class size of 120 participants).

Contact

If you experience any technical or content difficulties with the course, please don't hesitate to contact Oumi Himid at uhimid@worldbank.org