Section 9: Debt management strategy

9. Debt management strategy (1) The objectives of the debt management strategy shall be— (a) to meet the borrowing needs of Government in a manner that avoids market disruption; (b) to minimise the cost of the debt portfolio within an acceptable level of risk; and (c) to support the development of a well-functioning market for Government securities. (2) The debt management strategy shall set risk-control benchmarks and medium term targets for the composition, currency-mix, interest rate-mix, maturity profile and relative size of the public sector debt. [Issue 9] P47A – 8 Revised Laws of Mauritius (3) The Ministry shall— (a) prepare, within 3 months from 1 July 2008, a debt management strategy as a primary policy tool to guide the relevant staff for managing the public sector debt; and (b) regularly review the debt management strategy and make any amendment thereto. (4) The Ministry shall, not later than one month after the end of every quarter, prepare a report on the outstanding stock of public sector debt, its size and currency composition, interest rate-mix and maturity profile. (5) The Ministry shall take steps to ensure that the debt management strategy, any amendment under subsection (3) (b) and the report under subsection (4) is made public. [S. 9 amended by s. 40 (e) of Act 18 of 2016 w.e.f. 7 September 2016.] continued on page P47A – 9 P47A – 8 (1) [Issue 9] Revised Laws of Mauritius