Sovereign Investor Relations: From Principles to Practice

51 Pages Posted: 30 Oct 2020

See all articles by James Knight

James Knight

International Monetary Fund (IMF)

Bill Northfield

affiliation not provided to SSRN

Date Written: September 2020

Abstract

This paper defines sovereign investor relations (IR) and places it in the context of modern debt management theory. It highlights the role that improvements in IR and debt transparency can play in improving the cost-risk tradeoff in debt management, supporting market access and acting as a first line of defense in times of crisis. It sets out a policy framework and institutional arrangements for effective IR, as well as discussing the various practices, publications and strategies that underpin an IR program.

Keywords: Government debt management, Debt management, Public debt, Communications in revenue administration, Debt strategy, WP, IR staff, debt manager, IR strategy, non-resident investor, IR function

JEL Classification: G11, G32, H63, H20, F34

Suggested Citation

Knight, James and Northfield, Bill, Sovereign Investor Relations: From Principles to Practice (September 2020). IMF Working Paper No. 20/204, Available at SSRN: https://ssrn.com/abstract=3721229

James Knight (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Bill Northfield

affiliation not provided to SSRN

No Address Available

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