Debt Policy, Strategy and Risk Management Department

Debt Policy, Strategy and Risk Management Department

The department is divided into three (3) divisions, and its main functions include: –

• Carrying out the government’s debt management policy of minimizing its financing cost over the long-term taking account of risk through preparation, implementation and review of the medium-term debt Strategy;
• Monitor and evaluate all borrowing and debt-related transactions to ensure that they are within the guidelines and risk parameters of the debt management strategy;
• Process the issuance of loan guarantees including assessment and management of risks in national government guarantees and Public Private Partnerships (PPP).
• Transact in derivative financial instruments in accordance with best international practices bench-marked to the debt management offices of other governments that are internationally respected for their practices.
• Prepare statutory debt related reports for the Cabinet Secretary;
• Undertake periodic public debt sustainability analysis, portfolio risks and costs analysis;
• Review public debt management policy and guidelines;
• Advise and coordinate domestic debt market for government debt securities;