At the training course on sustainable national debt management (Photo: VNA) Hanoi (VNA) – A training course on sustainable national debt management istaking place in Hanoi as part of Vietnam’s public debt management reformprogramme.
The event is being jointly organised by the Ministry of Finance (MoF), theWorld Bank (WB) and the International Monetary Fund (IMF) from February 24-28.
According to Vo Huu Hien, Vice General Director of the MoF’s Department of Debt Management and External Finance, theministry will coordinate with relevant departments, sectors and localities to drawup a five-year plan on borrowing and repaying public debt in the 2021-2025period to submit to the Prime Minister for consideration before June 30.
The plan will include a public debt ceiling and safety threshold for indicators of public and government debts compared to GDP, and atarget for direct government debt repayments compared to the State budget, hesaid.
Currently, debt sustainability analysis (DSA) is one of the key debt managementmodels that is closely connected to analyzing, forecasting and performing debtportfolio risk management operations to ensure public debt safety and nationalfinancial security.
However, DSA has so far only been evaluated by IMF experts in the framework oftheir working visits to Vietnam without the direct participation ofrepresentatives from the MoF as well as relevant Vietnamese agencies toresearch the operation of the model.
Hien highlighted the significance of the training course, saying that itcontributes to enhancing capacity building activities as well as to developing strategicreports for not only the MoF but also other agencies.
He expressed his hope that the course will provide practical lessons as well aspolicy implications for Vietnamese agencies in building, appraising, approving,implementing and monitoring the implementation of medium-term loan andrepayment plans to ensure sustainable debt calculation./.
VNA
