Govt. to set up debt management bureau under Finance Ministry

The Cabinet of Ministers has this week approved the setting up of a debt management bureau at the Finance Ministry, as a separate unit, the Government of Information Department said.
At present, the country’s foreign and domestic debt are sold and managed by a department at the Central Bank while foreign loans are raised by the External Resources Department of the Finance Ministry.

A five-member debt management committee chaired by the Treasury Secretary will be appointed to develop the institutional framework of the proposed unit.

The Cabinet has also approved the drafting of a debt management law.