Public Debt Management - Fiscal Year 2027
Djibouti
Developing Domestic Debt Market for Government Securities (May 13-21)
With METAC support, the Ministry of Budget and the Central Bank of Djibouti formulated a comprehensive roadmap that outlines the short-, medium-, and long-term steps and prerequisites for the development of a domestic debt market for government securities in Djibouti (GS Market). The mission facilitated broad stakeholder alignment on capacity development priorities, legal and regulatory enhancements, improvements in cash management, Treasury Single Account (TSA) implementation, market infrastructure development, and strengthened coordination between the Ministry of Budget and the central bank. The roadmap provided a structured framework to guide market development and support a more market-based approach to government financing. METAC helped authorities identify key institutional and market constraints. Authorities confirmed progress on TSA implementation and agreed on priority areas for continued METAC support.
Jordan
Follow-Up TA on Local Currency Bond Market Development (June 2-17)
METAC supported the Central Bank of Jordan (CBJ) in completing the regulatory framework for both primary and secondary markets. This includes preparing full bond documentation, including Term Sheets that are aligned with international standards, detailed rules and operating instructions for auctions as well as drafting the regulations and procedures for secondary market transactions. Documentations have been drafted in both Arabic and English. This action serves as a preliminary step toward developing both the primary and secondary markets for government securities.
Sudan
Strengthening Core Debt Management Functions (June 7-11)
The staff of the General Directorate of Public Debt and the Central Bank of Sudan enhanced their understanding of core public debt management concepts, including debt portfolio analysis, cost and risk assessment, loan concessionality, and debt recording and reporting practices. The mission strengthened knowledge of institutional and operational frameworks for debt management and promoted a shared understanding of the respective roles of the Ministry of Finance and the Central Bank. Discussions helped identify priority capacity development needs, particularly in middle-office functions, debt reporting, and debt portfolio risk management. The mission also supported greater alignment on the importance of strengthening coordination and information sharing between the two institutions to maintain a comprehensive and up-to-date external debt database. Both teams underscored the need for sustained technical assistance and a structured capacity development plan, particularly in preparation for post-conflict debt management challenges and future domestic debt market operations.
