Risk management has become an increasingly important tool for achieving strategic debt targets, and is now an integral part of a wider strategic debt management framework based on benchmarks in most jurisdictions. However, this study shows that the extent and sophistication of risk management...

The COVID-19 pandemic poses significant challenges for public debt management offices (DMOs). Some of these challenges include: sudden and significant increases in borrowing needs, volatile market conditions, health and safety risks in workplaces and temporary mismatches in fiscal cash flows....