Debt Management Programme

This fact sheet describes the Debt Management Programme conducted by the Macroeconomic and Financial Management Institute (MEFMI) and FSD Africa from February 2021 to September 2022. The programme focused on supporting government securities markets in MEFMI member countries to foster economic recovery from the COVID-19 pandemic and build market resilience through debt sustainability analyses, database development, and the formulation of debt management strategies.

• The programme provided technical support for debt sustainability analyses in Eswatini and Tanzania. In Eswatini, 14 government and central bank staff were trained using the IMF debt sustainability analysis framework (DSF) for Market Access Countries (MAC DSF). In Tanzania, 15 staff from the government, Central Bank, and National Bureau of Statistics were trained on the IMF/World Bank LIC DSF.
• Efforts to improve debt databases and transparency included the creation of Botswana's first Debt statistical bulletin, the consolidation of Zambia's public debt database to allow for a holistic approach to management, and training for database administrators in Zambia and Zimbabwe on the Debt Management and Financial Analysis System (DMFAS). Additionally, the government of Mozambique received support for CS-DRMS database validation for migration purposes.
• The programme assisted Tanzania and Zimbabwe in formulating Medium-Term Debt Management Strategies (MTDS) using the IMF/World Bank MTDS Analytical Tool (AT). In Tanzania, 27 officials from the ministries of Finance and Planning (including Zanzibar), the Bank of Tanzania, and the National Bureau of Statistics were trained. In Zimbabwe, 38 officials from the Ministry of Finance and Economic Development, Reserve Bank of Zimbabwe, and the Zimbabwe National Statistical Office received training.
• Knowledge management initiatives included a study on managing sovereign debt during crises, specifically focusing on insights and lessons from the COVID-19 pandemic, and the development of guidelines for managing contingent liabilities to provide a framework for identification, measurement, reporting, and management.

APA

FSD Africa (2022). Debt Management Programme. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Macroeconomic-and-Financial-Management-Institute-MEFMI-Debt-Management-Programme-Reviewed-JG.pdf

Chicago

FSD Africa. Debt Management Programme. 2022. https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Macroeconomic-and-Financial-Management-Institute-MEFMI-Debt-Management-Programme-Reviewed-JG.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=Debt Management Programme |date=October 2022 |url=https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Macroeconomic-and-Financial-Management-Institute-MEFMI-Debt-Management-Programme-Reviewed-JG.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2022debt, author = {{FSD Africa}}, title = {{Debt Management Programme}}, institution = {FSD Africa}, year = {2022}, month = oct, url = {https://fsdafrica.org/wp-content/uploads/2025/05/Capital-Markets-Macroeconomic-and-Financial-Management-Institute-MEFMI-Debt-Management-Programme-Reviewed-JG.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }