The COVID-19 pandemic pushed Georgia’s government debt-to-GDP ratio above the statutory level of 60 percent. Fortunately, the government had already built the capacity to manage the unexpected debt surge—thanks to support from the Debt Management Facility. The country’s improved debt management framework is helping meet the government’s financing needs at a time when capital markets are in turmoil.



Amid the pandemic, the Public Debt Management Office of Nepal published its first Public Debt Report. World Bank, through Debt Management Facility (DMF), supported the Nepalese debt officials with just-in-time, long-term training to build capacity for the report and other main debt management priorities. The new publication aims to provide debt transparency and plays an important role to provide accountability and improve governance of public debt management.