Our Mandate

PDMO Kenya | Our Mandate – Public Debt Management Office
Our Mandate

Prudent, Transparent & Sustainable
Debt Management for Kenya

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.

Statutory Framework

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.
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    • Our Core Priorities

    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.

    Core Responsibilities

    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.

    Public Debt Management Office — The National Treasury
    Committed to fiscal responsibility, transparency, and Kenya's long-term economic prosperity under the PFM Act 2012 (CAP 412A).