3 April 2013

G20 Public Debt Management seminar was held in Moscow

2-3 April 2013, a high-level seminar "Public Debt Management under Non-Conventional Conditions on Debt Markets" took place in Moscow within the framework of Russian G20 presidency.

The representatives of G20 and outreach countries as well as international organizations (such as IMF, WB, OECD, BIS, and EDB) attended the seminar. Welcome speech was made by Russian G20 Sherpa Ksenia Yudaeva and Deputy Minister of Finance of Russia Sergei Storchak.

The meeting was devoted to the discussion of major characteristics of non-conventional conditions on global and national debt markets, role of public debt managers and challenges for them within new macroeconomic conditions, the evolution of local and global debt markets infrastructure. The participants concerned the necessity to review national borrowing strategies and the role of multilaterally agreed guidelines in their formulation and implementation. The issue of revising and updating the guidelines on public debt management taking into account the lessons learned from the latest global financial and economic crisis was also discussed.

The outcomes of the seminar will be applied for further consideration of PDM issue and preparation to the following events within Russian G20 Presidency, including G20 Finance Ministers and Central Bank Governors meeting which will be held on April 18-19, 2013 in Washington, D.C.