Organization and Activity
State debt management has existed since 1900, firstly within the Treasury Securities Unit. Continuing the activity of the above, the State Debt Management Unit was established by the Decision of the Minister of Finance No. 19/2003 of 1 October 2003.
In November 2005 after the audit led by Delloite & Touche the Debt and Financial Assets Management Department was established in the frame of better effectiveness and rationalization of the state debt management. The Department is an organizational part of the Ministry of Finance and is subordinated to the Deputy Minister responsible for public budgets. On 1 January 2011 the department was restructured and the standard structure was set in compliance with the best international practice and recommendations of the International Monetary Fund, OECD and the World Bank concerning the public debt management.
There are three units within the Department:
Funding and Cash Management Unit
Risk Management and Portfolio Strategy Unit
Operations Settlement and Administration Unit