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http://saruna.mnu.edu.mv/jspui/handle/123456789/8728
Title: | Maldives debt management reform plan |
Authors: | World Bank Group ވޯރލްޑް ބޭންކް ގްރޫޕް |
Keywords: | Maldives Debt Management Performance Assessment (DeMPA) Public financial and debt management Treasury operations Management Information System (IFMIS) Commonwealth Secretariat Debt Recording and Management System (CSDRMS) |
Issue Date: | 1-Mar-2019 |
Publisher: | World Bank |
Citation: | World Bank Group. (2019). Maldives debt management reform plan. Washington, DC. : World Bank. |
Abstract: | The first Debt Management Performance Assessment (DeMPA) for Maldives was conducted in 2009, and a second DeMPA was completed in March 2019. The authorities have taken important steps to improve debt management since the first assessment, but many challenges remain. The government has implemented a series of reforms to public financial and debt management, including changes to the legal and institutional framework. Key measures include a complete overhaul of Treasury operations, the implementation of the Integrated Financial Management Information System (IFMIS) across all government entities in the capital, Malé, the establishment of a Treasury Single Account, and the development of cash-flow forecasting procedures. The coverage of the Commonwealth Secretariat Debt Recording and Management System (CSDRMS) has also been expanded, and the CS-DRMS is now used as a central database for almost all debt obligations, except Islamic finance instruments. The results of the 2019 DeMPA shed light on these improvements and indicate areas for further action. |
URI: | http://saruna.mnu.edu.mv/jspui/handle/123456789/8728 |
Appears in Collections: | ވިޔަފާރިއާއި އިޤްތިޞާދު Commerce A
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