WADMO - About WADMO

> Presentation of WADMO

> Steering Committee

STATUTES
English (119 Ko)
Français (107 Ko)
Español (120 Ko)

RULES OF PROCEDURE OF THE GENERAL ASSEMBLY
English (18 Ko)

About WADMO

Presentation of WADMO

Why WADMO ?

During the first Inter-regional Conference on Debt Management organized by UNCTAD in December 1997, representatives of the Bureau of the Treasury of the Philippines tabled a proposal for the creation of a professional association of debt managers. A large number of countries supported the proposal and expressed the need for a regular exchange of experiences, know-how and information about debt management at the international level. The idea of an international association gathering debt professionals was born. In response, UNCTAD helped establish the World Association of Debt Management Offices (WADMO) which held its first general assembly on 6 April 2000, and during which the Treasurer of the Philippines was elected President. Currently, Mr. Omar T. Cruz assumes the functions of Treasurer of the Philippines and President of WADMO.

We would like to refer to the Statement made by Prof. Briones - former Treasurer of the Philippines - during the first general assembly. After highlighting the tremendous increase in the total debt stock of developing countries, particularly the severely indebted low- and middle-income countries; the blessings and risks of intensified globalization; the heart-rending human costs of intolerable debt burdens; and the expectations of civil society, she concluded:

"During the past three days, we have tackled the challenges and solutions of debt management in the new millennium. We have seen that many of these challenges cannot be met if individual countries act alone. What is called for is more information, more cooperation and more joint action between and among countries. Today, we are having our first inter-regional meeting. As we deliberate on WADMO's possible role and discuss the draft statutes, let us not forget that debt management is not an end in itself. Let us not forget that beyond the daunting management issues, the challenge of predicting a volatile international environment, the heady excitement of information technology - the end of efficient debt management is to see to it that less lives will be wasted and lost, less jobs lost, and more opportunities created for total human development for the peoples of the world."

WADMO Objectives

WADMO is an autonomous and non-profit making organization dedicated to the support and advancement of the following purposes:

to promote and develop understanding and cooperation amongst Debt Management Offices;
to strengthen information gathering systems and information exchange amongst Debt Management Offices;
to share country and regional experiences in effective debt management;
to assist Debt Management Offices to gain access to technical assistance and training through referrals to relevant agencies;
to facilitate access to funding and other assistance, through referrals to relevant bilateral and multilateral agencies, for the development and implementation of effective debt management programmes; and,
to assist Debt Management Offices in advising their respective governments in the formulation of appropriate debt policies and strategies.

The aims and purposes of WADMO shall be accomplished through meetings, seminars and congresses, through publication of regular periodicals and special reports, and through such other means as its General Assembly may determine.

According to its Statutes, membership of WADMO shall be open to all offices whose prime function is to manage a country's public debt. Such offices may be autonomous government agencies or ministerial departments within the central government, very often within the Ministry of Finance, as well as a similar entities within the Central Bank. Membership is also open to all associations sharing similar objectives. Individuals whose major professional interest lies in the area of public debt management may become 'friends' of the association.