Public Debt Management Bill - Minister's Ammendments

NOTICE OF PROPOSED AMENDMENTS TO
PUBLIC DEBT MANAGEMENT BILL
TO BE MOVED BY THE
MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT

 

SECTION 2   (INTERPRETATION)

On page 3, in the definition of "Medium Term Debt Strategy" insert the word 'Management' so as to read "Medium Term Debt Management Strategy".

 

On page 3, in the definition of "Medium Term Debt Strategy" delete the acronym "MTDS".

 

SECTION 5 (FUNCTIONS OF PUBLIC DEBT MANAGEMENT OFFICE)

On page 4, in subsection (2), in paragraph (a), add the words "and publish" after the word “prepare".

 

SECTION 5(2) (FUNCTIONS OF PUBLIC DEBT MANAGEMENT OFFICE)

On page 4, in subsection (2), in paragraph (a) add the word ‘Management’ so as to read "Medium Term Debt Management Strategy".

 

On page 4, in subsection (2), after paragraph (1), add a new paragraph (m) and re-number subsequent paragraphs accordingly;

“(m) prepare balance of payments projections;"

 

On page 4, in subsection (2), after paragraph (p) add the following new paragraphs:

"(q) act as the principal adviser in the development of domestic capital markets and issuance of domestic and external debt securities on behalf of the Government of Zimbabwe;

(r)   assess, monitor and report on any  other implicit  and explicit public  sector contingent  liabilities and advise on their management;"

(s)    maintain and administer a secure computerised debt management information system;

(t)    initiate, facilitate and monitor disbursements  on borrowings  and on-lending; and

(u)   analyse requests from local councils and public enterprises for borrowings".

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