End-user awards – Sovereign risk manager of the year - The German Finance Agency



The German Finance Agency stands out as a pillar of transparency, accountability and sound risk management at a time when the country’s monetary affairs as a whole are mired in controversy. Germany has been accused of using sleight-of-hand tactics to get its 2005 budget deficit within the European Union’s upper limit of 3% of GDP, yet its Finance Agency, which was established in September 2000 with the aim of managing the government’s debt in the most cost-effective way, is relatively free from