DMF Knowledge Products

DMF KNOWLEDGE PRODUCTS 
 

Debt Swap Calculator

Debt-for-development swaps, or debt swaps, can help countries address liquidity challenges while advancing sustainable development goals. They provide debt reduction and debt-service savings during periods of fiscal pressure. The Debt Swap Calculator helps users analyze potential savings from conducting debt swaps. The tool assesses the financial impact of replacing one or multiple existing debt instruments with a new instrument under different terms, providing practical tools to help countries make informed decisions about when, where, and how to use debt-for-development swaps.

Building Debt Management Capacity

The Building Debt Management Capacity reviews the Debt Management Facility (2009–25) and shows how sustained, programmatic capacity development has strengthened public debt management institutions, improved transparency, and delivered concrete reform outcomes across developing countries. It highlights close IMF–World Bank collaboration, (joint diagnostics, strategy work, legal and institutional reforms, and hands on implementation support) often integrated with IMF programs, and underscores the importance of coordinated, multi year engagement in moving reforms from design to execution, particularly in high risk and fragile settings.

DMF Brochure

Updated for 2024, this brochure gives a brief overview of DMF. 

Debt Management Monitors

The Debt Management Monitors summarize debt-management developments in 88 low-income countries that benefit from the DMF. It tracks progress made in these countries. Topics covered include governance and debt strategy, fiscal and monetary policy, cash management, debt recording, and operational risk management.

Cash Management: How Do Countries Perform Sound Practices?

Excerpt: Cash management is simply defined as making the right amount of money available at the right time and the right place to meet the government's obligations most cost-effectively. Establishing a sound cash management framework benefits governments, public entities, and other stakeholders, including the beneficiaries of government payments, banks, and lenders. This paper explores cash flow forecasting and cash management practices in 24 countries in various regions, at different income levels and technical capacity, and alignment to good practices based on the information World Bank workshops on cash flow forecasting and cash management held in 2018 and 2019.

Business Continuity Planning for Government Cash and Debt Management

Excerpt: Cash and debt management operations are part of the "transactional" functions of public financial management. It is critical that these functions are resilient to external disruptions, ranging from information and communication technology (ICT) system outages to natural disasters. This technical manual aims to provide guidance on the steps that government cash and debt management units can follow to develop and implement a practical business continuity plan that economizes the resources used. It also discusses the evolving nature of business disruption risks faced by cash and debt management over the last decade, including the COVID-19 pandemic and emerging risk mitigation solutions.

What Is the Role of Inflation-Linked Bonds for Sovereigns?

Excerpt: This paper discusses the role of Inflation-Linked Bonds (ILBs) may play in designing and implementing government debt management strategies. More precisely, it looks at the potential for ILBs to improve the cost-risk profiles of government debt portfolios and the implications of their use for the development of the domestic debt market.