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Treasury to delegate more powers to debt office boss
Director General Public Debt Management Office National Treasury Haron Sirima. He is on his way out and the Public Service Commission (PSC) has initiated the recruitment of his replacement.
Contracting of new loans and the day-to-day management of debt will be an exclusive role of the Public Debt Management Office (PDMO), the National Treasury has disclosed, handing a boost to the office that has struggled for relevance.
As part of the plan to make the PDMO autonomous, the National Treasury has disclosed that policy changes will be made to give the debt office a stronger grip on the management of the country's debt.
