Technical Assistance for Uganda - Government Debt Issuance and Management

Resident Advisor has focused on efforts to separate fiscal and monetary policy functions and to create a new Directorate for Debt and Cash Management (DDCM).

TA is designed to clarify roles and responsibilities between the BOU (which previously had the responsibility for debt issuance and management) and the MoF and to realign these responsibilities according to best international practice.

TA is concentrated on four major areas: 1) improving the structure and regulatory environment for issuance, management and trading of government securities, 2) improving fiscal and monetary policy coordination between the MoF and the BOU, 3) establishing cash balance management at the MoF, and 4) developing the secondary market for government securities.