BRIEF

Debt Management Facility (DMF)

January 18, 2014

This video describes the work of the Debt Management Facility (DMF) and introduces a new phase of the trust fund, which includes a formal partnership with the International Monetary Fund (IMF).


Expert Advice on Public Debt
  • The Debt Management Facility (DMF) has supported expert assistance on debt management to low-income countries since 2008.
  • The World Bank launched a new phase of the trust fund in April, 2014, adding a formal partnership with the International Monetary Fund.
  • The DMF program will now include new streams of technical assistance, including developing domestic debt markets, issuing bonds on international markets, and assessing macroeconomic and financial sector risks.

Launched in November 2008, the Debt Management Facility (DMF) for Low-Income Countries (LICs) is a multi-donor trust fund that supports the scaling up and accelerated implementation of the World Bank Group's debt management work program in low-income countries. (List of DMF-eligible countries.) The program has the specific objective of strengthening debt management capacity and institutions through a number of tools that help countries assess and plan their debt. The DMF also helps empower debt managers faced with political pressure to advocate for a prudent and sustainable approach to taking on new debt.

In 2014, the World Bank Group launched a second round of the trust fund (DMF II) that formalizes a partnership with the International Monetary Fund. Experts from both institutions will now execute trainings and technical assistance for low-income countries hoping to improve and professionalize their debt management. The list of topics covered by the trust fund has also been expanded to cover emerging issues, such as domestic debt market development and the issuance of debt on international markets.



DONORS

 

Current donors (commitments and contributions):
Austria | Germany | Netherlands | Norway | Switzerland | Russia

 

Donors to the original Debt Management Facility:
Austria | Belgium | Canada | Germany | Netherlands | Norway | Switzerland | African Development Bank | European Union -- represented by European Commission

 

 





Welcome