Public debt management talks at conference

An international conference on public debt management took place in Hanoi on May 16.

Jointly held by Vietnam ’s Ministry of Finance, World Bank (WB) andInternational Monetary Fund (IMF), the conference drew the attention ofleaders of ministries, sectors, people’s committees of cities, provincesnationwide and local financial departments, together with experts ondebt management from the international financial organisations of WB,IMF and debt management offices of Thailand and India .

Addressing the event, Deputy Finance Minister Truong Chi Trung saidthe conference aims to share experiences and lessons from the work ofcontrolling debt in each country, helping participants have an overviewof the world’s public debt situation, as well as the importance of debtmanagement to national financial security.

Accordingto experts, the structure of risky debt usually results in illogicaleconomic, fiscal and monetary policies. A poor debt structure is alsoone of the causes of economic crisis.

Many expertssaid that public debt management is a necessary tool to achieve macrofinancial goals in developing countries. It is very important to havecoordination between monetary and fiscal policies.-VNA