The Cabinet has granted approval to establish a National Debt Management Institute.
It has been emphasized in the supplementary Budget of 2022 the importance of the establishment of a State Loan Management Institute as an institutional reformation while enhancing loan management and transparency has been recognized as a prioritized sector even under the appropriation loan facility of the International Monetary Fund (IMF).
Government said that technical assistance has been rendered by the IMF and the World Bank in order to establish the proposed state loan management institute.
The loan management reformation plan, loan management institutional framework and legal framework have been planned by now.
Accordingly, the Cabinet approved the resolution tabled by the acting Minister of Finance, Economic Stabilization and National Policies to direct the Legal Draftsman to draft the Bill of the State Loan Management Act.
