Legal Framework

The legal framework should go beyond just providing the authority to borrow and include areas of statutory controls consistent with a country’s debt and aid management objectives, policies and strategies (for example borrowing ceilings or limits), and define clearly the institutional set-up to undertake debt and aid management functions.

In terms of best practices, the legal framework for debt and aid management needs to include sections which cover:

Examples of legal best practices include those of Nicaragua and Tanzania.

UNITAR produces publications and training materials and on the legal aspects of debt management.