Discussions at the Global Forum on Public Debt Management 2017 will focus on issuance procedures, particularly choice of auction mechanisms and PD models as well as the role of debt managers in pricing and managing contingent liabilities.
Tendances des marchés de capitaux est une publication de l'OCDE qui analyse l'évolution et les tendances sur les marchés nationaux et internationaux de capitaux.
Adrian Blundell-Wignall est le Conseiller spécial des marchés financiers au Cabinet du Secrétaire général et Directeur de la Direction des affaires financières et des entreprises, Organisation de coopération et de développement économiques.
This report provides updates of trends and developments associated with sovereign borrowing requirements and debt levels from the perspective of public debt managers for the OECD area and country groupings.
The OECD Sovereign Borrowing Outlook provides regular updates on trends and developments associated with sovereign borrowing requirements, funding strategies, market infrastructure and debt levels from the perspective of public debt managers. The Outlook makes a policy distinction between funding strategy and borrowing requirements. The central government marketable gross borrowing needs, or requirements, are calculated on the basis of budget deficits and redemptions. The funding strategy entails decisions on how borrowing needs are going to be financed using different instruments and which distribution channels are being used. This edition provides data, information and background on sovereign borrowing needs and discusses funding strategies and debt management policies for the OECD area and country groupings. In particular, it examines: gross borrowing requirements; net borrowing requirements; central government marketable debt; interactions between fiscal policy, public debt management and monetary policy; funding strategies, procedures and instruments; the impact of new regulations on primary market operations; liquidity in secondary markets; and the transparency of public debt statistics, operations and policies.
In-depth analysis from the OECD addresses the financial market dimension of sovereign debt challenges to assist policy makers in designing, adopting, and implementing appropriate policies.
Closing remarks made by the OECD Secretary-General during the Paris Club Forum, organised jointly by the Australian Presidency and the Paris Club.
Discussions at this event focused on enhancing transparency in public debt management, the impact of tapering and exit on public debt management, and the role of DMOs in centralised or integrated risk management.
Organised in in Washington on 5-6 December 2013, discussions at this meeting focused on how capital markets can help enhance infrastructure financing.
Sound debt management allows African policymakers to develop local-currency bond markets, integrate into a worldwide network of debt managers, and to enhance awareness of advances in Africa among policymakers, investors and others outside the continent.