Responsibilities

Key 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;

               > the 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, supplier’s credit and finance lease.  

* Undertaking activities related to the timely servicing of the debt of the Government.

* Preparation of debt service forecasts based on both present and forecasted debt of the government.