[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108168-en":3,"doc-seo-108168-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108168,687197100911,"Himbo","https://ap-avatar.wpscdn.com/avatar/a000239b6f1da00475?x-image-process=image/resize,m_fixed,w_180,h_180&k=1785132997149421697",8,"Research & Report","Debt Management Performance Assessment (DeMPA) - Honduras - June 2021","Debt Management Performance Assessment (DeMPA) provides a comprehensive, indicator-based methodology to evaluate how effectively governments manage public debt across the full range of debt management functions. The DeMPA tool presents 14 debt performance indicators together with an associated scoring approach, supported by a guide that expands on how to apply the indicators. The Honduras assessment examines strategy, governance, reporting, audit practices, coordination with fiscal and monetary policy, borrowing activities, cash flow forecasting, debt recording, and information systems.","Public Disclosure Authorized Public Disclosure Authorized  \nDebt Management Performance Assessment  \n(DeMPA)  \nHONDURAS  \nJune 2021  \nThe DeMPA is a methodology for assessing public debt management performance through a comprehensive set of indicators spanning the full range of government debt management functions. The DeMPA tool presents the 14 debt performance indicators along with a scoring methodology. The DeMPA tool is complemented by a guide that provides supplemental information for the use of the indicators.  \nFor additional information on the World Bank's Debt Management Technical Assistance Program, including more on the DeMPA Tool, please visit our website at:  \n[http://www.worldbank.org/debt](http://www.worldbank.org/debt)  \nContents  \nI. EXECUTIVE SUMMARY 7  \nII. BACKGROUND AND GOVERNMENT DEBT 9  \nII.1. Economic Background 9  \nII.2. Government Debt 10  \nIII. DEBT MANAGEMENT PERFORMANCE ASSESSMENT (DEMPA) 15  \nIII.1. DeMPA Methodology 15  \nIII.2. Summary of Performance Assessment 15  \nIV. PERFORMANCE INDICATOR ASSESSMENT 17  \nIV.1. Governance and Debt Management Strategy 17  \nDPI 1-Legal Framework 17  \nDPI 1.1-Central Government’s Legal Framework 17  \nDPI 1.2-Public Sector Entities’ Legal Framework 19  \nDPI 2-Managerial Structure 20  \nDPI 2.1-Managerial Structure for Debt 20  \nDPI 2.2-Managerial structure for issuing guarantees 22  \nDPI 2.3 – Staff and Human Resources 23  \nDPI 3-Debt Management Strategy 24  \nDPI 3.1-The quality of the DM strategy document 24  \nDPI 3.2-The decision-making process and publication of the DM strategy 25  \nDPI 3.3-Annual Borrowing Plan (ABP) 26  \nDPI 4-Public Debt Reporting 26  \nDPI 4.1-Central Government Debt: Content and timeliness 27  \nDPI 4.2-Reporting to the Legislature 27  \nDPI 4.3- Public Debt Report: Government Coverage 28  \nDPI 5-Audit 29  \nDPI 5.1- Frequency and comprehensiveness of external audits (Financial, Compliance, Performance) and their public disclosure 29  \nDPI 5.2-Degree of commitment to address audit outcomes 30  \nIV.2. Coordination with Macroeconomic Policies 30  \nDPI 6-Coordination with Fiscal Policy 30  \nDPI 6.1-Provision of debt service forecasts 31  \nDPI 6.2-Fiscal Risks monitoring in the NFPS 31  \nDPI 6.3-Availability of key macro and fiscal variables and DSA 32  \nDPI 7-Coordination with Monetary Policy 33  \nDPI 7.1-Separation between monetary policy and DM operations 33  \nDPI 7.2-Coordination with the CB through regular information sharing on current and future debt transactions and the central government’s cash flows 34  \nDPI 7.3-Limits of direct access to CB funding 35  \nIV.3. Borrowing and Related Financing Activities 35  \nDPI 8-Domestic Borrowing 35  \nDPI 8.1-Publication of a borrowing calendar and issuance results 35  \nDPI 8.2-Domestic market operations and clarity in rules and procedures 37  \nDPI 9-External Borrowing 38  \nDPI 9.1-Organizational arrangements and processes for external borrowing; financial analysis of terms and conditions 39  \nDPI 9.2-Involvement of legal advisors before signing the loan contract 40  \nDPI 10-Guarantees, On-lending and Debt-related Transactions 40  \nDPI 10.1-Issuance of loan guarantees 41  \nDPI 10.2-On-Lending Operations 42  \nDPI 10.3-The Use of Derivatives 42  \nIV.4. Cash Flow Forecasting and Cash Balance Management 43  \nDPI 11-Cash Flow Forecasting and Cash Balance Management 43  \nDPI 11.1-Cash Flow Forecasting 43  \nDPI 11.2-Cash Balance Management 44  \nIV.5. Debt Recording and Operational Risk Management 44  \nDPI 12-Debt Administration and Data Security 44  \nDPI 12.1-Recording debt-related transactions 44  \nDPI 12.2-Debt payments 45  \nDPI 13-Data Security and Business Continuity 46  \nDPI 13.1-Data access, backups and IT infrastructure 46  \nDPI 13.2-Business Continuity (BC) and Disaster Recovery (DR) Plans 47  \nDPI 14-Debt Related Records 47  \nDPI 14.1-Completeness and timeliness of central government debt records 47  \nDPI 14.2-Secure registry systems and debt holders 48  \nDPI 15-Debt Management Information Systems 49  ","cbCaibJJuLiOdr63","https://ap.wps.com/l/cbCaibJJuLiOdr63","pdf",974592,6,1,58,"English","en",105,"# Executive Summary\n# Background and Government Debt\n## Economic Background\n## Government Debt\n# Debt Management Performance Assessment (DeMPA)\n## DeMPA Methodology\n## Summary of Performance Assessment\n# Performance Indicator Assessment\n## Governance and Debt Management Strategy\n## Coordination with Macroeconomic Policies\n## Borrowing and Related Financing Activities\n## Cash Flow Forecasting and Cash Balance Management\n## Debt Recording and Operational Risk Management\n## Debt Administration and Data Security\n## Debt Related Records\n## Debt Management Information Systems\n# Annexes","[{\"question\":\"What is the purpose of the DeMPA methodology?\",\"answer\":\"DeMPA assesses public debt management performance using a comprehensive set of indicators that cover the full range of government debt management functions.\"},{\"question\":\"How many debt performance indicators are included in the DeMPA tool?\",\"answer\":\"The DeMPA tool presents 14 debt performance indicators and provides a scoring methodology for evaluating performance.\"},{\"question\":\"Which areas of debt management does the Honduras DeMPA assessment cover?\",\"answer\":\"It covers governance and debt management strategy, coordination with fiscal and monetary policy, borrowing and related financing activities, cash flow forecasting and cash balance management, debt recording and operational risk management, and debt management information 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