The development of the domestic state securities market, management of the operational risk associated with the state debt and raising of foreign government loans by taking into account the cost-risk ratio were set as specific objectives for managing the state debt in 2022-2024. The Medium-Term State Debt Management Program for 2022-2024 was approved by the Cabinet, IPN reports.

The Ministry of Finance will take measures to keep under control the state debt portfolio by limiting exposure to the currency risk, financing risk and interest rate risk, extending the maturity of the debt portfolio and diversifying the institutional basis, monitoring and assessing the performance of primary dealers and other actions.

As from 2022, there will be performed buyback liability management operations and then switch operations.

To increase the private individuals’ access to state securities as saving instruments and to diversify the channels for selling these, a platform for trading in securities directly will be set up by the end of 2022.