Improving Public Debt Management
In the OIC Member Countries
56
Figure 3-12: Currency Composition of External Public Debt by Country (2014)
Note: Data for Bahrain, Brunei Darussalam, Iraq, Kuwait, Libya, Oman, Palestine, Qatar, Saudi Arabia, Suriname
and the UAE is not available. Source: World Bank (2016) International Debt Statistics.
3.2 Institutional Frameworks To describe public debt management objectives in more detail in the OIC countries, a Public
Debt Management Survey was carried out by the Ifo Institute from August to December 2016.
The survey included questions on the institutional framework of public debt management and
strategic targets and benchmarks (see Figure A02 in the Appendix A).9 With the help of the
COMCEC Coordination Office and the German embassies in the respective OIC member
countries, this survey was sent to institutions and persons responsible for public debt
management in the individual countries. The survey was answered either directly by debt
managers in the individual countries or by using information from debt management
strategies and other documents which were publicly available. Until February 2016 the survey
was (partly) filled out for 37 OIC member countries (71.1% of all OIC member countries).10
9 The same questions on strategic targets and benchmarks as Cabral (2015) are used.
10 The survey was filled out by debt managers from Azerbaijan, Bangladesh, Benin, Chad, Côte d’Ivoire, Egypt, Indonesia,Kazakhstan, Malaysia, Mauretania, Nigeria, Oman, Senegal, Tajikistan and Turkey. Using information from public debt
management strategy documents, survey results from Cabral (2013) and other public information the survey could be
(partly) filled out for 22 further OIC member countries.
0
10
20
30
40
50
60
70
80
90
100
Share of external debt (in %)
AlgeriaBeninTunisiaMoroccoAlbaniaSyria
Burkina FasoMali
Togo
MaldivesComorosCameroon
Turkmenistan
Malaysia
Iran
SenegalDjiboutiGambia
BangladeshMauritania
Uganda
Guinea-Bissau
SomaliaGuinea
Côte d'Ivoire
Pakistan
SudanEgyptNigerGabonYemenTurkey
Sierra LeoneUzbekistan
ChadJordan
MozambiqueAzerbaijanAfghanistan
Nigeria
Indonesia
Kyrgyz Republic
TajikistanGuyanaLebanon
Kazakhstan
U.S. dollars Euro
Pound sterling Swiss franc
Japanese yen Multiple currencies
Other currencies SDR