Arab Monetary Fund discusses the development of debt and financial markets
26/6/2018 12:00 am
[rtl]In a training course in collaboration with the World Bank
Abu Dhabi / Morning follow up
The "Development of Debt Markets and Infrastructure for Capital Markets in the Arab Countries", organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the World Bank Group, was launched in Abu Dhabi on Sunday.
Ibrahim Al-Karasna, Head of Training Programs at the Institute of Economic Policy, said in a speech on behalf of the Director General of the Arab Monetary Fund, Abdulrahman bin Abdullah Al-Humaidi: "The increasing importance of developing public debt management processes, developing local debt markets and upgrading strategies Term and long-term debt management in the light of the growing funding needs of Arab countries and the need to develop a framework for fiscal policy, which ultimately aims at increasing the efficiency of both revenues and expenditure. Directly on the macroeconomic policies pursued by the State and affect the integrity and stability of its financial system.
The training course focuses on the fundamentals of setting clear and quantitative targets for debt indicators and the mechanism of coordination between the authorities based on managing public debt operations, taking into account the institutional framework for public debt management from analysis and data recording, debt portfolio risk analysis, Which may face the government, and the preparation of a clear strategy to manage the public debt system, which leads to attracting foreign investment in light of the availability of the necessary infrastructure and thus reduce the cost of lending and facilitate the financing of investment opportunities, which leads to the improvement of economic activity And growth.
"The course aims at informing the participants about the basics of effective debt management so that the overall framework of debt management policies takes into consideration transparency and coordination among the relevant authorities, the principles of governance, disclosure and availability of information for dissemination, analysis of cost and risk components, development of local markets and interaction. with market trends and indicators of economic performance.
He discussed topics related to the session in the framework of the financial sustainability of the situation as it will be the focus of the session on the relationship between public debt management and macroeconomic policies on the one hand, and the development of markets Local religion on the one hand
As well as the development of debt and infrastructure markets, the role of Islamic bonds in financing, and the regulatory framework for public debt management. The course will also discuss how to prepare the country's public debt management strategy with its cost components With a review of some of the experiences of our Arab countries and countries of the world, in addition to practical training in the preparation of the medium-term strategy for public debt.
The course also sheds light on the requirements of developing an active market for government securities in terms of regulating the issuance of government securities with different terms to form a reference yield curve, taking into consideration the diversity of the financial instruments offered and the investor base, enhancing the role of market makers, . This also includes supporting communication with investors and market participants.[/rtl]
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