UNCTAD/World Bank

The Debt Management Facility (DMF) was launched by the World Bank in November 2008 as a multi-donor trust fund to support the scaling up and accelerated implementation of the Bank's debt management work program in IDA eligible countries. Its objective is to strengthen debt management capacity and institutions in Low-Income Countries (LICs ) through concentrating on the 'upstream' activities of debt management:

• Evaluation ('diagnosis') of a country's debt management capacity using the DEMPA
• Assistance in formulating reform plans to correct the problems found by the DEMPA
• Assistance to countries in building debt strategies using the MTDS

DMFAS has been an implementing partner to the DMF since 2009.

DMFAS is one of the organizations that provides support to developing countries for the 'downstream' activities of debt management, including debt recording and operations, debt statistics, debt portfolio analysis and basic risk analysis, institutional arrangements, providing computerized debt management systems for these areas and providing sustainable capacity-building for these areas.

The complementary relationship between DMF and the activities of organizations such as DMFAS is that to formulate effective debt strategies and perform debt sustainability analysis, a country must first build a comprehensive debt database, in order then to be able to produce reliable reports and statistics, after which relevant analysis and can be carried out and decisions can be made.