21 April 2022
These policy briefs, produced by WFD and the National Democratic Institute (NDI) provide information on the role of parliaments in debt transparency and debt sustainability explain parliamentary roles and good practices related to public debt. They are four policy briefs, structured around key themes:
- General debt management, which covers key concepts and definitions in public debt management and entry points for parliament to influence public debt management;
- Debt management legal framework, covering motivations and components of robust legal frameworks and loan agreement ratification;
- Oversight of debt management; including debt transparency and data accessibility, oversight throughout the budget cycle and key players in effective management of public debt;
- Debt decision-making and oversight in emergency contexts, including legislative powers and emergency financial assistance, fiscal rules and escape clauses, key actors in parliamentary oversight in emergency contexts and the gendered effects of public debt in emergencies.
Each brief highlights the important components that lead to effective debt management, in addition to noted constraints. The policy briefs provide a basis for increased awareness and engagements with parliaments around the world
Strengthening parliamentary capacity for effective governance in Laos
Parliaments are key institutions whose functions such as debating, legislating, scrutiny, and oversight strengthen democracy. WFD has been helping the Laos National Assembly and Provincial People’s Assemblies (PPAs) to perform core functions of a legislature through providing support in three key areas.
WFD Kenya launches new programme on strengthening public finance management oversight for county assemblies
WFD in Kenya is currently offering direct technical support to 7 county assemblies through the Kenya Devolution Programme (KDP). WFD supports them in strengthening their financial and audit or public expenditure management (PEM) related committees to carry out their functions in a more effective manner.