Its statement also said that outside of the formal bond market, no more than 35% of a bank's total issued wealth-management products should be invested in debt or used to make loans.
Jean Mazaurelle, the head of the World Bank in Mauritania and the man in charge of overseeing the debt-relief programme, blames bad management rather than lack of cash for many of the country's problems.
Firpta had led a number of investors to change their strategies to investing in real-estate debt in the U.S. rather than equity, said Ben Sanderson of Hermes Real Estate Investment Management Ltd.
Finally there is a relatively prudent way in which the UK's debt has been managed by the semi-autonomous Debt Management Office - whose performance looks more and more important and impressive.
Debt management company, MoneyPlus Group, reporting a 10-fold increase in clients with payday loans between 2008 and 2012.
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Debt-management firms have to be licensed under the Consumer Credit Act in order to offer their services to people who have serious debt problems.
Normally Greece's debt-management agency would already be raising extra funds to ensure that all goes smoothly in the spring.
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As I have pointed out here before, if the Debt Management Office hadn't done quite such a brilliant job in borrowing for long maturities - such that the average maturity of UK debt is just under 14 years - the UK might well be like Italy in finding it very hard to borrow at any price right now.
The permanent mechanism of crisis management has been set up in the wake of the Greek debt crisis, where a multi-billion Euro bailout was required.
Jake Lowery, portfolio manager at ING Investment Management LLC in Atlanta, said he would prefer to participate in euro-denominated sovereign bonds because that debt, but not dollar bonds, could receive the backing of the European Central Bank.
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