This compulsory module will provide a solid background to PDM which students can further develop in the optional modules. Illustrative topics include:

• Recent debt crises, economic impact and resolution
• Social impact of debt crises (poverty, gender, youth)
• Debt within a Public Financial Management (PFM) context
• Determining the need for borrowing
• Debt & cash management
• Legal and institutional aspects of debt management
• External debt (public and private) and the loan cycle
• Domestic debt market development and borrowing
• Recent developments in PDM
• Sub-national debt
• Debt data accounting and statistics
• IT applications in PDM
• Debt Sustainability Analysis
• Cost and Risk trade offs
• Contingent liabilities, on-lending and the issuance of government guarantees
• Assets and liabilities management
• Debt restructuring and rescheduling
• Devising and implementing a Debt Management Strategy