Our Mandate

Section 62 (1) of the Public Finance Management Act (CAP 412A) establishes the Public Debt Management Office (PDMO) within the National Treasury. The Office is mandated to ensure prudent, transparent, and sustainable management of public debt in Kenya.

Main Objectives

Minimize Borrowing Costs

Minimize the cost of public debt management and borrowing over the long term, while taking associated risks into account.

Develop Debt Markets

Promote the development of strong and efficient market institutions for Government debt securities.

Intergenerational Equity

Ensure fair sharing of the benefits and costs of public debt between current and future generations.

Key Functions

Resource Mobilization

Mobilizing domestic and foreign financial resources for Government development priorities.

Debt Strategy & Borrowing Plan

Developing and implementing the Medium-Term Debt Management Strategy and borrowing plans.

Statutory Reporting

Preparation of statutory debt-related reports in compliance with the PFM Act.

Advisory Services

Providing expert advice on public debt management to Government decision-makers.

Issuance of Securities

Issuing Government debt securities in domestic and international markets.

Investor Relations

Undertaking investor relations, roadshows, net shows, and coordinating with creditors and market participants.

Government Guarantees

Processing Government guarantees in accordance with statutory requirements.

Debt Servicing

Initiating, processing, and settling Government debt service payments promptly and efficiently.