Result Based Management Framework - METAC

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102 covering (i) financial instruments; (ii) financial markets; (iii) primary markets; (iv) issuance procedures and issuance policy; and (v) secondary market and debt management as well as the role of these institutions in debt issuance and debt management process. The objective of the course was to build the capacity of the debt management office at the MOF in particular, and the PMA and CMA in general about government securities issuance. YEMEN A <strong>METAC</strong> mission visited the MOF and the CBY in July 2010 to assess TA needs in the areas of public debt management and money market development. TA needs identified for debt management: Develop a secondary market for T-Bills. Review the organizational structure and the legal framework governing public debt management. Develop MOF capacity for debt including training and capacity building. Develop and formulate a debt policy document including debt management guidelines, directing the government in managing public debt and the instruments to be used or developed. Following the assessment visit, another mission in February 2011 was conducted to provide hands-on training and capacity building in debt management to the domestic and external debt departments at the MOF and strengthen the debt management capacity. A debt management workshop conducted for managers at the MOF and CBY focused on three topics: (i) the main prerequisites for efficient public debt management; (ii) the identification and management of debt risks; and (iii) ways to reduce the cost of debt. The mission also discussed with the CBY the domestic debt issuance procedures for government T-bills and T-bonds in the primary market and what needs to be done in order to develop the secondary market. TA needs identified for money markets: Develop an interbank market. Develop a new design for CDs auctions. Coordinate between the CBY and MOF to reply to their needs especially in the area of data/forecasts on revenues and expenditures, liquidity management and
103 forecasting, and the issuance of government domestic debt with the monetary authorities. Develop CBY capacity for monetary operations including training. Accordingly, a mission was conducted in October 2010 to the CBY to help them develop an interbank market and averaging the RR to enable banks to better manage their liquidity. Visits were made to some of the commercial banks operating in Sana’a. Instructions were drafted to banks to encourage activities and trading among banks; however, the issuance of these instructions was postponed by the Governor. Also, instructions were drafted to be issued to the banks regarding averaging of the RR and delivered it to CBY. Hands-on training was provided to the staff of CBY on how to implement the averaging of the reserve requirement
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G L BAL PARTNERSHIPS Shared Objecti
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1 Contents Acronyms and Abbreviatio
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3 Past Activities .................
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5 ACRONYMS AND ABBREVIATIONS ACD AR
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7 MoPF MTEF MTFF MTO NA NBFIs NICO
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9 METAC’s overall strategic objec
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11 I. AFGHANISTAN A. Banking Superv
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13 Call reports covering the fina
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15 Mission reports. Plans for de
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17 D. Revenue Administration Past A
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19 Risks/Assumptions Sufficient fin
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21 Outputs Helping the CBE in dr
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23 Regional workshops on external
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25 Revision of the budget calendar
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27 Work Program Objectives TA on re
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29 III. IRAQ A. Banking Supervision
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31 B. Macroeconomics Statistics Pas
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33 Assistance in preparing a cas
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35 The CBJ has a good macro-pruden
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37 procedures for the NA. To also b
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39 In May 2013, a METAC/FAD mission
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41 the commitment to carry on imple
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43 V. LEBANON A. Banking Supervisio
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45 Significant TA was provided to L
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47 Regional workshops on external
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49 Risks/Assumptions Political stab
Page 53 and 54: 51 enforcement strategies; (4) the
Page 55 and 56: 53 VI. LIBYA A. Banking Supervision
Page 57 and 58: 55 Assisting the CBL in develop
Page 59 and 60: 57 DI survey form. Regional works
Page 61 and 62: 59 Outputs The main outputs of the
Page 63 and 64: 61 TA has been suspended because of
Page 65 and 66: 63 The supervisors at the CBOS a
Page 67 and 68: 65 closely with the Ministry of Int
Page 69 and 70: 67 be submitting consolidated budge
Page 71 and 72: 69 administration fronts. These inc
Page 73 and 74: 71 VIII. SYRIA A. Banking Supervisi
Page 75 and 76: 73 Develop tools and procedures f
Page 77 and 78: 75 The main outcomes of TA on price
Page 79 and 80: 77 Budget Preparation: Establish
Page 81 and 82: 79 The General Commission f
Page 83 and 84: 81 VAT law. TPC law. Revised
Page 85 and 86: 83 In order to align its supervisor
Page 87 and 88: 85 Improvements in the compilation
Page 89 and 90: 87 forecasting that underpins the c
Page 91 and 92: 89 function-based HQ, implementing
Page 93 and 94: 91 The CBY has an updated regula
Page 95 and 96: 93 External statistics: improving
Page 97 and 98: 95 recommendations of the 2007 FAD/
Page 99 and 100: 97 Work Program Objectives High pri
Page 101 and 102: 99 APPENDIX I. DEBT MANAGEMENT AND
Page 103: 101 OMO; and developing an interban
Page 107 and 108: 105 1. Banking Supervision Outcomes
Page 109 and 110: 107 3. Public Financial Management
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Result Based Management Framework - METAC

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