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MoF to Host 2nd Public Debt Management Conference
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9 May 2011 |
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The conference will not only highlight distinguished practices applied globally in public debt management, but will also promote public debt management investment in the UAE.
"MoF hosts the second annual public debt management conference in line with its ongoing commitment to develop prudent management of financial resources, as well as promoting balanced and sustainable development in the UAE. By organizing this event, the ministry seeks to take advantage of its international expertise in public debt management. It also aims to strengthen UAE's ability to establish a global market specializing for sovereign debt and bonds management," said HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs.
A panel discussion will be held to review methodologies of developing sovereign debt management market in the UAE.
Outlining Singapore's experience and challenges while attracting investors and organizing first rounds of auctions, the conference will also touch on ways to develop traditional bond markets. Types of securities issued in initial stages and the process of gradually developing a yield curve will also be reviewed.
While dealing with lessons learnt for public debt management professionals in light of the global financial crisis, the conference will touch upon debt management structures and responsibilities.
HE Younis Haji Al Khoori, Undersecretary of MoF, said: "The conference aims to enhance UAE's regional and international status and its effective role in bringing the best global financial practices to the region. We look forward to strengthen our communication with experts specialized in debt management at the international level. This kind of event plays a vital role in upgrading our national expertise in finance."
Conclusions for market development for the UAE will be drawn from the presentations and discussions during the day, Discussions will be around risks and issues facing the UAE federal government, challenges of market development in a setting with limited funding needs, and the current global sovereign debt problems. Next steps will be proposed for PDMO and other issuers in the market.
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Source: beta.thehindu.com |
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