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The Revised Guidelines for Public Debt Management have been developed as part of a broader work program undertaken by the IMF and the World Bank to strengthen t

High-quality public debt management plays a critical role in reducing the vulnerability of developing countries to financial crises. With sound risk and cash ma

This paper provides an overview of sovereign debt portfolio risks and discusses various liability management operations (LMOs) and instruments used by public de

Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy consideratio