Organised in Midrand, the 5th Annual Forum on African Public Debt Management focussed on current priorities relating to African public debt management and bond markets.
OECD and the South African government have created a centre to encourage co-operation among African debt managers and to support the development of sound practices in public debt and cash management.
The OECD and South Africa will open a centre to help African governments manage their debt and bond markets in Midrand, South Africa.
Discussions at the forum focused on latest developments in global bond markets, including the impact of the financial crisis on market functioning and debt levels and other emerging issues.
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New restrictions on the short selling of sovereign debt have been proposed in response to major threats to financial market stability and market confidence. This article voices the concerns of debt managers that the proposed changes could push their borrowing costs up.
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Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and
Discussions at the Forum focussed on public debt objectives and the influence of macro-economic policies and financial stability; crisis experiences and lessons from the OECD area and emerging markets (including the measurement of sovereign risk); debt structure and risk metrics; as well as implications of new regulations for public debt management. . This annual forum is held under the aegis of the OECD Working Party on Debt
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Representatives of the financial services sector met in October 2010 to discuss sovereign debt challenges faced by banking systems and bond markets. This article summarises these discussions which covered the current outlook and risks - including capital flows and global rebalancing, sovereign risks and challenges for the banking sector.
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This report shows continued strong borrowing by OECD governments amid concerns about sovereign risk. It includes revised estimates for 2010 and the projected outlook in 2011.
The annual meetings of the OECD Working Party on Public Debt Management bring together debt managers from OECD countries to discuss topical issues relating to debt management operations and government bond markets