Responsibilities and Functions

Responsibilities

•  Management of the debt of the Government

•  Issuance and management of loan guarantees

•  Management of on-lending operations

•  Recording and reporting of public debt

 

Functions

•  Preparation and publication of the medium-term debt management strategy, annual borrowing plan, and auction
   calendars for the issuance of Government    securities

•  Negotiation of financial terms and conditions and execution of domestic and external borrowings, other credit arrangements
   and debt management activities of the  Government.

•  Maintenance of relationships, as necessary for achieving and maintaining access to financial markets.

•  Coordination of debt operations in relation to cash flow management with the Department in charge of the subject of
   Treasury Operations of the Treasury.

•  Preparation and execution of debt related liability management operations.

•  Assessment of the credit risk and advise on risk mitigation mechanism of loan guarantees and on-lending operations.

•  Recording, reporting, dissemination and publication of public debt, loan guarantees, on-lending, suppliers’ credit and finance
   lease in accordance with Public Debt  Management Act.

•  Servicing of the debt of the Government on a timely basis in accordance with Public Debt Management Act.

•  Preparation of debt service forecasts based on both present and forecasted debt of the Government.