Improving Public Debt Management
In the OIC Member Countries
184
Area of improvement
of public debt
management
Policy recommendation Examples of
countries concerned (4) Refinancing risk
Indicator:
 Short average time to
maturity
Lengthen the average maturity of public debt.
Measures:
 Preferring the issuance of longterm bonds over
shortterm bills (benefitting from the current low
interest rate environment)
 Swaps of domestic currency debt to foreign
currency debt with generally longer maturity (in
countries with low shares of foreign currency
debt)
Albania, Egypt,
Gambia, Lebanon, Togo
(5) Macroeconomic risk
management Apply macroeconomic risk management methods.
Measures:
 Business tendency surveys
 Signal approach
 Financial soundness indicators
 Scoreboard approach
Algeria, Bangladesh,
Jordan, Malaysia,
Nigeria, Tunisia