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VIETNAM International seminar on public debt management

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VIETNAM International seminar on public debt management

Post  1alaskan on Wed May 16, 2012 5:01 pm

International seminar on public debt management

VietFinanceNews.com - Experts from Thailand, India and international organizations gathered at a seminar on public debt management held in Hanoi on May 16 by the Ministry of Finance, the World Bank (WB), and International Monetary Fund (IMF).

Deputy Finance Minister Truong Chi Trung said the seminar provides participants with an overview of public debt management in the world, as well as its importance for national financial security.

Information at the seminar will include useful references to help the Government and localities improve the efficiency of public debt management.

Participants agreed that pubic debt management is a necessary tool to meet macroeconomic targets. Developing countries should share information about debt mobilization and refund, and consider the risks when making decisions on debt management.

Agencies for debt management and financial and monetary management should also share information about the Government’s demand for liquidity, both present and future.

Debt management agencies should timely report to the Government mounting debts, while monetary management agencies must inform financial management agencies about the impact of Government debts on monetary targets, participants proposed.


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