Emerging Markets Newspaper an affiliate of the International Monetary Fund (IMF)/World Bank Annual Meetings, named South Africa the best country for Debt management and Sovereign Bond Issuance in Sub-Saharan Africa.
This decision comes after the World Bank also acknowledged SA’s excellence in debt composition.
Speaking after receiving the award in Washington on 8 October, Anthony Julies, Deputy Director General –Asset and Liability Management at National Treasury said, the endorsement of South Africa by Emerging Markets Newspaper is a testament to the success the country continues to enjoy in global capital markets.
“A deep capital market system, credible judiciary and strong banking system in South Africa continue to be the key attractions which give investors much-needed confidence,” said Julies.
The National Treasury said in the Media statement published on 9 October that this announcement was partly the results of the regular engagements that investors have with senior policy-makers which ensures that there is constant communication on key policy issues which are pertinent to investors.
“The country is not only recognised for the “quality” of the deal (price and duration) but also the National Treasury professionalism in debt management operations (operational and sustainable composition of the sovereign debt portfolio),” read the statement.
“Debt sustainability remains one of the key principles of government’s approach to fiscal management. Events of this nature keep SA in the limelight given the ongoing funding Programme of government domestic and international markets,” Julies concluded.
