A Debt Management Reform Plan lays out a detailed, sequenced, country-owned plan to support reforms for strengthening debt management capacity and institutions, based on a comprehensive diagnosis of public debt management institutions and operations and in close collaboration with government officials. A reform plan can help to prioritize and sequence debt management reforms and capacity building to achieve desired outcomes.
Though Debt Management Reform Plans are tailored to country-specific needs and circumstances, they generally have the following characteristics:
Focus: Reform plans focus on key government debt management activities, that are identified on the basis of comprehensive diagnostic (e.g. through a Debt Management Performance Assessment) and in consultation with the government authorities.
Timeframe: A reform plan generally covers a time period that tdoes not exceed 3-5 years, in order to maintain momentum and focus. Country-specific time-frames are chosen in consultation with the government authorities.
Prioritized and sequenced action plan: The plan details expected outputs and outcomes, actions, sequencing and milestones, as well as the resources required to implement the plan.
More information can be found in the World Bank Guidance Note on Reform Plans.