Directorate-General for Public Debt

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The Directorate-General for Public Debt (DGDP) was created as a public agency by Decree n° 09/61 of 03 December 2009.

The Directorate-General is the Government's advisory body on public debt.

Its mission is to manage public debt (both domestic and external, direct and indirect), medium- and long-term loans, including consolidated debt and budget arrears of more than one year.

The Directorate-General is responsible for :

• developing and proposing to the Government the national debt policy, including the identification of the best sources of financing;
• providing prior technical advice on any internal or external financing generating public debt for the State, public enterprises, public institutions, and decentralized territorial entities, including guaranteed loans;
• preparing and participating in the negotiations of borrowing, lending, and debt restructuring agreements, as well as external receivables;
• ensuring the implementation of financing agreements, including project grants;
• managing domestic and external public debt, guaranteed debt, as well as external receivables and those arising from on-lent debt;
• ensuring that beneficiaries of State-guaranteed loans and on-lent debt fulfill their obligations; - to carry out any study and analysis directly or indirectly related to its purpose;
• to mobilize and monitor the use of all internal and external financing generating public debt, both direct and indirect, and, as such, approve all disbursement requests and monitor projects carried out using public borrowing;
• to service domestic and external borrowings as well as domestic debt;
• to independently manage any funds entrusted to it by the State in connection with investment financing and, where appropriate, ensure their investment.