6. Powers and functions of the Office

The Office shall exercise and perform the following powers and functions subject to the provisions of section 3:-

( a)

preparation and publication of –

the medium-term debt management strategy;

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 this Act;

servicing of the debt of the Government on a timely basis in accordance with this Act;

preparation of debt service forecasts based on both present and forecasted debt of the Government; and

any other function, the Minister may assign in carrying out the objectives under section 3.