Pakista Debt Management Reform Program - Ministry of Finance (RETF) (WB-P161451)

  • Pakistan
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Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 24, 2017
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  • Law and Government
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Investment Type(s)
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Investment Amount (USD)
$ 1.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 31, 2017

Disclosed by Bank Dec 20, 2016

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Project Description
Proposed Development Objective(s) The objective of the proposed grant project is to assist the GoP to formulate and implement a debt management strategy that contributes to fiscal sustainability while minimizing the funding costs and keeping the debt exposure under control. Achieving the end objective would require building capacity in the entities responsible for different debt management functions. Accordingly, this grant is designed to improve debt management practice in Pakistan by assisting the authorities strengthen two key functions: (i) formulation of a debt management strategy and risk management in the Debt Policy Coordination Office (DPCO); and (ii) raising funding in external markets by the External Finance Wing (MoF). Key Results DPCO: (i) Extension of the Medium-term debt strategy analysis to 5 years; (ii) potential narrowing of the bands for the currency and refinancing risk indicators as defined per MTDS 2016-19, i.e., (a) share of external debt in total public debt and (b) domestic debt maturing in 1 year (as percent of total); and for EF: (iii) quarterly market monitoring reports.
Investment Description

Contact Information
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