Top > Regional Affairs > Africa > TICAD > Illustrative List Of Ongoing and Pipeline Projects/Programs For African Development As a Reference Document for TICAD II > II. Economic Development : Promoting Private Sector (2.4 External Debt) > Debt Management- institutional and human resource dev

Debt Management: Institutional and Human Resource Development
Project / Program Summary

I. Basic data

Sector(s): Macroeconomic and Financial Management
Title: Debt Management- institutional and human resource dev.
Organizations : African governments, ACBF, bilateral donors, Commonwealth Secretariat, Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), UNCTAD, World Bank
Beneficiary countries / regions: African countries with substantive debts
Implementing agencies in beneficiary countries/regions: Finance Ministries/Central Banks
Duration: approx. five years
Starting Date: on-going
Project / Program budget: approx. $0.5million p.a.
Finance / Type of cooperation: Grant/technical cooperation

II. Project / program description

  1. Objectives
    Strengthen debt management capacity through training provided by institutions already operating in this area.
  2. Activities / contents:
    Workshops and training courses for technical staff and policy makers in debt management. The training and assistance would focus on the three key areas of debt management capacity, moving progressively, and accorging to individual country needs: (i)the basics of debt recording, (ii) debt management systems; and (iii) integration of debt reporting systems into the macro-economic management and policy-making process.
  3. Expected outcomes / impacts:
    The programs are expected to improve the skills of African officials in three key areas: First, officials will learn about the best practice in debt recording, that ultimately will contribute to more timely debt servicing. Secondly, officials will acquire skills to better manage the debt, including re-negotiating of terms, implementation of the Paris Club management. Third, the program would promote synergy between debt and macro economic management, and hence increase consistency in policy making.
  4. Features in line with the Agenda for Action
    To help alleviate the external debt burden of African countries (Section 2.4); to strengthen national accounting systems and to build human capacity in debt and sound macroeconomic management.

III. Contact point:

Commonwealth Secretariat(Technical Advisory Services)
MEFMI(Executive Director)
UNCTAD(Development Programs)

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