THE OECD and South Africa will open a centre to help African governments
manage their debt and bond markets in Midrand, South Africa.
The centre,
which will start operations on June 30, 2011, aims to encourage cooperation
among African debt managers and to support the development of sound practices in
public debt and cash management, in order to create stronger securities markets.
It will also encourage the implementation of a stronger infrastructure for
government securities markets.
Experts operating from the centre will
train African government officials and work with them to develop better markets
and practices across the continent. The centre will also create a government
debt database to monitor and analyse debt and sovereign risk in Africa, as well
as conduct regular research and monitor bond market developments.
The
OECD has been working since 2006 with government debt management officials from
Angola, Cameroon, Gabon, Kenya, Madagascar, Mauritius, Malawi, Morocco,
Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Tanzania, Tunisia,
Uganda and Zambia.
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