World Bank Support for Public Financial and Debt Management in IDA-Eligible Countries : An Independent Evaluation
Sound public financial management and public debt management are critical to informing and implementing fiscal policy and to achieving the World Bank Group’s twin goals. When support for these two areas is complementary, public finance and debt man...
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| Format: | Evaluation |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/986281615997480668/World-Bank-Support-for-Public-Financial-and-Debt-Management-in-IDA-Eligible-Countries-An-Independent-Evaluation http://hdl.handle.net/10986/35361 |
| Summary: | Sound public financial management and
public debt management are critical to informing and
implementing fiscal policy and to achieving the World Bank
Group’s twin goals. When support for these two areas is
complementary, public finance and debt management (PFDM)
ensures that scarce public resources are used efficiently
and for their intended purposes, including to finance
growth-enabling spending and investment, and that debt
burdens are sustainable and managed within acceptable cost
and risk parameters. The importance of PFDM has increased
significantly in International Development Association
(IDA)-eligible countries in the face of rising debt
vulnerabilities coupled with the heightened needs and
reduced revenue associated with the COVID-19 pandemic. This
evaluation provides an assessment of World Bank support to
IDA-eligible countries for PFDM between FY08–17. |
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