Working Group on Public Debt records many ‘firsts’ in 2020

Posted by wgpd On Apr 12, 2021

The Working Group on Public Debt (WGPD), under the auspices of the International Organization of Supreme Audit Institutions (INTOSAI), recorded many ‘firsts’ in Calendar year 2020.

Chaired by the Philippine Commission on Audit (COA) for three years since 2017, the WGPD’s mandate is to publish guidelines and other informational materials to be used by Supreme Audit Institutions to encourage proper reporting and sound public debt management.

While the COVID-19 pandemic gave rise to reassessments and changes in priorities and undertakings the overall direction for WGPD remained in accordance with its mandate set under INTOSAI Knowledge Sharing and Knowledge Services Committee (Goal 3). Looking back, WGPD takes pride in accomplishing the following feats:

The Working Group’s growing membership

From the 26 members-SAIs assumed by the SAI Philippines in 2017, the Working Group has grown to a total of 38 member-SAIs across Asia, Europe, Pacific, Middle East, Latin America, and Africa by end of 2020, and has gained its first Observer, SAI France, which was conditionally accepted in 2019 and was fully-recognized in 2020 upon the approval of the revised WGPD Terms of Reference.

DMFAS Community Newsletter April 2020

Posted by wgpd On Aug 25, 2020

DMFAS affirms the growing importance of effective management of resources and liabilities in the present times as characterized by spikes in public debt and widening economic vulnerabilities.  The article cites interventions from the International Monetary Fund, the World Bank, and Regional Development Banks in providing assistance to countries confronted by impending debt crises.  In addition, the article also tackles the advantages of DMFAS database as debt transparency becomes threatened by the unremitting pandemic.

Full article is available at:

Lorem Ipsum is simply dummy text

Posted by wgpd On Jun 14, 2018

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.