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During August 12-16, the representative of the Court of Accounts of the Republic of Moldova (CoARM) participated in the training course of the World Bank on the Debt Management Performance Assessment methodology (DeMPA). The event was organized by the World Bank at the Joint Vienna Institute, Vienna, Austria.
The event was also attended by representatives of the Supreme Audit Institutions and the Ministry of Finance of Armenia, Azerbaijan, Kosovo, Georgia, the Republic of Kyrgyzstan and Uzbekistan, Nigeria, Uganda, who presented examples of debt management practices in those countries.
The DeMPA methodology, developed by the World Bank, provides detailed indicators for the comprehensive assessment of debt management performance in developing countries. It is widely used to drive dialogue between countries, guide the design of reform programmes, improve donor alignment and monitor performance over time.
The course aimed to provide an understanding of the rationale, scope, coverage and application of the revised DeMPA methodology for debt management practitioners. Through a comprehensive set of indicators covering the full range of public debt management functions, DeMPA identifies core strengths and weaknesses. In this sense, it contributes to strengthening capacities and institutions so that countries can manage their public debt effectively and sustainably. DeMPA also helps governments undertaking debt management reforms to monitor progress towards international practices.
Finally, participants would understand the links between indicators, the use of evidence-based data to make an assessment, and be familiar with the updated scoring methodology. The outcome of this assessment could be used to strengthen debt management capacity.
