OECD Sovereign Borrowing Outlook 2023

Acknowledgements

The OECD Sovereign Borrowing Outlook is one of the activities of the OECD Working Party on Debt Management, supported by the Financial Markets Unit of the Capital Markets and Financial Institutions Division within the OECD Directorate for Financial and Enterprise Affairs. This Outlook was prepared by the OECD Financial Markets Unit; Fatos Koc (Head of the Unit), Oliver Garrett-Jones (Policy Analyst) and Pietrangelo De Biase (Policy Analyst). Mamoun Berrahma Tlemcani (Intern) and Gulgun Arikan (Consultant) co‑authored and provided technical support on the global sovereign bond data in Chapters 2 and 3. Juan Pavajeau Fuentes (Junior Policy Analyst) and Raluca Hanea (Project Assistant) provided technical support for Annex A and B, and Liv Gudmundson (Publications and Editorial Lead) supported the team with publishing and editorial guidance, and Greta Gabbarini (Communication Officer) with communication expertise. Several OECD colleagues provided feedback: Antonio Gomes (Deputy Director) and Serdar Celik (Head of Division) on all four chapters; Alvaro Pina (Senior Economist) on Chapter 1; Catriona Marshall (Policy Analyst) and Caio de Olivera (Policy Analyst) on Chapter 2; Carl Magnusson (Policy Analyst), Francesco Napolitano (Economist), Jose René Orozco (Policy Analyst), and Enes Sunel (Economist) on Chapter 3.  The following members of the Working Party on Debt Management provided valuable feedback: Grahame Johnson (Chair, Advisor to the Governor, Central Bank, Canada) on Chapters 1, 2 and 4; Anthony Linehan (Vice‑Chair, Deputy Director, NTMA, Ireland) on Chapter 1 and 4; Sir Robert Stheeman (Chief Executive; UK Debt Management Office), and Toshitaka Nakano (Director for Debt Management and JGB Investor Relations; Ministry of Finance, Japan) on Chapter 1; and, Tammo Diemer (Managing Director of Germany’s Finance Agency) and Patricio Sepulveda Carmona (Head of the Debt Office; Ministry of Finance, Chile) on Chapter 2. Luis Felipe Vital Nunes Pereira (Head of Public Debt Operations, Brazil National Treasury) contributed Chapter 4 with providing Brazil’s experience.