In recent years, momentum has intensified among the various providers to coordinate capacity-building efforts using a more holistic approach to meeting the multifaceted challenges that developing countries face in building their debt-management capacity. Efforts have been made to clearly understand the comparative advantage of each capacity-building provider compared to others, and partnerships have been strengthened. Active collaboration also helps to ensure that best practices are shared.
Efforts by the Programme to strengthen its collaboration with the other main organizations involved in providing debt management included the regular sharing of information on technical assistance activities, such as mission schedules and reports, where possible. They also included organizing joint workshops, and participation in each other’s events.
With the African Development Bank (AfDB)With the Asian Development Bank (ADB)With the Debt Management Facility (DMF)With Debt Relief International (DRI)With the International Monetary Fund (IMF)With the International Organization of Supreme Audit Institutions (INTOSAI)With the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI)With the Latin American and Caribbean Debt Group and the Inter-American Development BankWith the United Nations Development Programme (UNDP)With the World Bank
The African Development Bank
The African Development Bank and the DMFAS Programme have a long-standing collaboration , in particular as a funding agency, for the implementation of the DMFAS software in nearly ten African countries (DRC, Sudan, Chad, Togo, etc.).
The Asian Development Bank
The Asian Development Bank and the DMFAS Programme collaborate in the framework of public and financial management programmes in which the implementation of the DMFAS software is a subcomponent of the reform programme.
The Debt Management Facility (DMF) was launched by the World Bank in November 2008 as a multi-donor trust fund to support the scaling up and accelerated implementation of the Bank's debt management work program in IDA eligible countries. Its objective is to strengthen debt management capacity and institutions in Low-Income Countries (LICs ) through concentrating on the 'upstream' activities of debt management:
- Evaluation ('diagnosis') of a country's debt management capacity using the Debt Management Performance Assesment (DeMPA) methodolgy
- Assistance in formulating reform plans to correct the problems found by the DeMPA
- Assistance to countries in building debt strategies using the Medium-Term Debt Strategy (MTDS) methodology
DMFAS has been an implementing partner to the DMF since 2009.
DMFAS is one of the organizations that provides support to developing countries for the 'downstream' activities of debt management, including debt recording and operations, debt statistics, debt portfolio analysis and basic risk analysis, institutional arrangements, providing computerized debt management systems for these areas and providing sustainable capacity-building for these areas.
The complementary relationship between DMF and the activities of organizations such as DMFAS is that to formulate effective debt strategies and perform debt sustainability analysis, a country must first build a comprehensive debt database, in order then to be able to produce reliable reports and statistics, after which relevant analysis and can be carried out and decisions can be made
Debt ReIief International (DRI)
Debt Relief International (DRI), part of the Development Finance Group, is a non-profit organization established in July 1997. It is one of the HIPC Capacity Building Programme and partner of the Debt Management Facility (DMF). The DMFAS Programme and DRI actively collaborate through exchange of information about country projects and in the framework of DMF capacity building activities. DRI also provides resource persons for UNCTAD and DMFAS events such as the UNCTAD Debt Management Conferences.
The DMFAS Programme and the International Monetary Fund (IMF) are actively collaborating, in particular with the Statistics Department and the Monetary and Capital Market Department. Collaboration includes co-organization of workshops on debt statistics, and participation by both organizations in the Inter-Agency Task Force on Finance Statistics, which has so far been active in developing guidelines for external debt statistics and in coordinating capacity-building activities in debt statistics. The DMFAS Programme participates in the annual meeting of the Task Force.
The Programme also collaborates, where possible, with the International Monetary Fund regional technical assistance centres in Central and West Africa (Central AFRITAC and West AFRITAC), with the shared objective of helping countries to strengthen their human and institutional capacity to design and enact policies that promote growth and reduce poverty.
The “Transregional Capacity-Building Programme in Public Debt Management Audit” conducted by the INTOSAI Development Initiative (IDI), started in 2008, and the DMFAS Programme was one of the cooperating partners involved with the INTOSAI Working Group on Public Debt (WGPD), and the United Nations Institute for Training and Research (UNITAR). The objective was “to enhance professional and organizational capacity of target Supreme Audit Institutions (SAI) in public debt management audit”. The DMFAS Programme’s contribution was to provide its expertise and training in debt management to participating SAIs and introduce them to the use of DMFAS.
The DMFAS Programme and the INTOSAI IDI have continued to collaborate and a total of 30 SAIs from countries in Africa, Asia and Europe benefited from the Programme, of which 23 use DMFAS in their debt management offices. In 2011, the Programme delivered a seminar for auditors at the Brazilian Audit Institute and participated in three3 meetings / workshops for auditors, in collaboration with INTOSAI Development Initiative.
In November 2011, the “Transregional Capacity-Building Programme in Public Debt Management Audit” came to a successful end and was closed during an exit meeting held in Geneva.
The Programme has an ongoing collaboration with the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), which includes 13 countries from this region. Five of the countries belonging to MEFMI are DMFAS client countries, namely Angola, Rwanda, Uganda, Zambia and Zimbabwe. UNCTAD and MEFMI organize every year a joint training event.
LATIN AMERICAN AND CARIBBEAN DEBT GROUP AND THE INTER-AMERICAN DEVELOPMENT BANK
With several active DMFAS client countries in the Latin American and Caribbean region, the DMFAS Programme takes a keen interest in the regional capacity-building activities organized by the Latin American and Caribbean Debt Group, and, where possible, coordinates activities.
The DMFAS Programme’s collaboration with UNDP includes UNDP funding for certain country projects and information sharing with the UNDP country offices in DMFAS client countries, as well as collaboration through the One United Nations framework.
The World Bank
The DMFAS Programme collaboratesd with various departments involved in debt management within the World Bank. These included the World Bank’s Development Data Group, the Treasury, the Banking and Debt Management Group, and the Economic Analysis and Debt Department. The Programme meets each of these departments at least once a year to discuss modalities of cooperation.