Public debt management is a critical component of a country's development strategy. Debt managers are responsible for providing policy makers with accurate information on the country's debt burden and on its access to new funds. Without such information, policy makers cannot design and implement sustainable development policies, and the country runs an increased risk of experiencing balance of payments problems.
Once the borrowing strategy is established and the funding sources are identified, debt managers are responsible for negotiating and structuring the borrower's debt transactions. They must also be able to administer loan agreements so that funds are disbursed and debt obligations are performed in a timely fashion.
This course is intended to assist debt managers in better fulfilling the above sited functions and responsibilities, taking into careful consideration the ‘legal aspects’ of public debt management. This course will also expose participants to the centrality of the legal dimension in debt management and show that lawyers and non-lawyers need to work side-by-side in managing the public debt and borrowing of their respective countries, an approach which has often been neglected in developing countries and economies in transition in the past.