Public debt management talks at conference ? TalkVietnam

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) and International Monetary Fund (IMF), the conference drew the attention of leaders of ministries, sectors, people?s committees of cities, provinces nationwide and local financial departments, together with experts on debt 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 said the conference aims to share experiences and lessons from the work of controlling debt in each country, helping participants have an overview of the world?s public debt situation, as well as the importance of debt management to national financial security.

According to experts, the structure of risky debt usually results in illogical economic, fiscal and monetary policies. A poor debt structure is also one of the causes of economic crisis.

Many experts said that public debt management is a necessary tool to achieve macro financial goals in developing countries. It is very important to have coordination between monetary and fiscal policies.-VNA

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