(1) The Minister shall cause the Unit to prepare the Medium-Term Debt Management Strategy.
(2) In preparing the Strategy under subsection (1), the Minister shall consider —
(a) the macroeconomic framework of Government;
(b) the costs and risks embedded in the public debt portfolio;
(c) the estimated future borrowing requirements of the Government;
(d) the domestic, regional and international market conditions;
(e) the Economic and Social Review; and
(f) other factors for the development of the Strategy.
(3) The Strategy must —
(a) set out —
(i) financial risk control benchmarks and risk tolerance benchmarks, including guidelines or ranges for the acceptable portfolio risk indicator in the Central Government debt portfolio,
(ii) medium-term targets for the composition, currency mix, interest rate mix and maturity profile,
(iii) when applicable, the proposed measures to support development of the domestic public debt market;
(b) be accompanied by the Borrowing Plan;
(c) be prepared annually and submitted to the Director of Finance for onward submission to the Minister.
(4) In this section, “Economic and Social Review” means the Economic and Social Review prepared and published by the Department for the financial year.