A joint mission of the World Bank and DRI visited Niamey to evaluate the country's debt management, based on the DeMPA methodology elaborated by the BWIs. As part of the review, the mission held meetings with all the institutions involved in debt management. A draft report has been prepared which has been sent for peer review before being submitted to the country's authorities within the forthcoming weeks.

DFI took part in a World Bank DeMPA mission in Bujumbura, Burundi on 9-17 April. The mission assessed the country's debt management and held meetings with various key institutions involved in the borrowing cycle. The team also provided training on operational risks, the calculation of the grant element and the interpretation of results of a DSA implemented in Burundi. Preliminary conclusions were shared with targets institutions as well as with the Ministry of Finance and Economic Planning.

A joint Development Finance International, UNCTAD and The World Bank mission visited Khartoum, Sudan to conduct a Debt Management Performance Assessment (DeMPA) during February. The mission met with officials from the various agencies responsible for debt management and reviewed the way the various functions are performed to see whether they are in line with international standards. As required by the methodology, each dimension of the indicators was scored and a draft report was prepared during the mission and is being peer reviewed.

A joint DFI-World Bank mission was held in Comoros in order to put together a reform plan of debt management. The mission met with national institutions to identify capacity building activities in debt management in terms of governance, debt strategy, and operational risks.  Training was also provided in interpreting DSA results, report drafting, treasury management and operational risks. The reform plan was submitted to the national authorities who agreed to its implementation.

At the request of the Minister of Finance and Economic Planning, and financed by the Capacity-Building Trust Fund, a DRI mission visited Juba Jan 15th to the 28th, 2012. The purpose of the mission was to provide independent advice to Government to help conduct a Debt Sustainability Analysis, Implement a technical capacity training program on issues such as risk and cost indicators, DSA methodology, and new financing issues among others. The mission also developed a medium term capacity building program for debt management.

At the request of the national authorities, a mission from DRI travelled to Sudan in order to assist the Government in its preparations for the HIPC Initiative. The mission had three main objectives: 1) Provide practical training to Government officials on the various aspects of debt relief and Debt Relief Analysis. 2) Assist officials in preparing for a National DRA Workshop in March of 2012 and 3) Assist Government to finalise preparations of the proposal, budget and results matrix for the 3-year Debt Strategy and Analysis Capacity Building Programme. The mission was part of a program being financed by the Government of Switzerland to support debt management in Sudan.

DRI took part in a World Bank-led DeMPA mission in Bamako, Mali. Meeting with officials from the various agencies responsible for debt management, the mission focused on assessing Mali's debt management in keeping with DeMPA methodology. Preliminary results were presented to the authorities at the end of the mission.

Earlier this year DFI prepared a background study for WaterAid analysing central government allocations to the water, sanitation and hygiene sector (WASH). The final report, Off-track, off-target, which draws of the findings of the background studies of DFI and others is available here.

DFI spoke at the UNCTAD Debt Management Conference in Geneva on the links between debt management and public financial management, urging a reversal of the marginalisation of debt management in the absence of debt crisis, and a greater focus on funding decentralised regional and in-country capacity-building. For DFI's presentation click here. The conference also provided a forum for bilateral meetings with many of DFI's implementing partners and the countries we are assisting on debt management capacity-building. Overall, the conference focussed on debt restructuring and responsible borrowing/lending as well as debt management. Click here to see the programme and papers.

A group of charities is appealing to Jersey to close the loophole in UK law which is allowing New York based vulture fund FG Hemisphere to sue the Democratic Republic of Congo for $100 million. A media investigation has exposed the hedge fund’s alleged illegal acquisition of DRC’s debt, forcing the second poorest country in the world to pay millions of dollars in interest repayments and fees on the original debt. Read more on the campaign here.