Public Debt Management Act
ZambiaAct of Parliament2022
The Public Debt Management Act is an Act of the Parliament of Zambia enacted in 2022. It contains 60 sections. Read its sections below, or ask Levy any question about the Public Debt Management Act and get an answer grounded in the Act with citations.
Sections of the Public Debt Management Act
- S. 1Short title
- S. 2Interpretation
- S. 3Government debt management objectives
- S. 4Medium Term Debt Strategy
- S. 5Establishment of Debt Management Office
- S. 6Functions of Debt Management Office
- S. 7Director and other staff
- S. 8Annual borrowing plan
- S. 9Review of annual borrowing plan
- S. 10Update on implementation of annual borrowing plan
- S. 11Power to raise loans
- S. 12Purpose of loans
- S. 13Methods of raising loans
- S. 14Suspension of approval by National Assembly in state of emergency
- S. 15Establishment of Special Deposit Account
- S. 16Application and deposit of loan proceeds
- S. 17Supplier’s credit, export credit and finance lease agreement
- S. 18Repayment, conversion and consolidation of loans
- S. 19Debt charge
- S. 20Agents to issue or raise bonds, stock or treasury bills
- S. 21Power to grant loans out of Consolidated Fund
- S. 22Borrowing by public body
- S. 23Loans by public body requiring National Assembly approval
- S. 24Reporting requirements for public body
- S. 25Establishment of sinking funds for redemption of bonds or stock
- S. 26Establishment of sinking funds in other cases
- S. 27Contribution to sinking fund
- S. 28Withdrawal of money from sinking fund
- S. 29Deficiency in sinking fund to be charged on Consolidated Fund
- S. 30Regulations for sinking funds
- S. 31Power to give guarantees
- S. 32Approval of guarantee by National Assembly
- S. 33Payment of guarantee fee
- S. 34Maximum amount of guarantees
- S. 35Beneficiary to reimburse all costs
- S. 36Indemnities
- S. 37Guarantees and indemnities to be paid out of the Consolidated Fund
- S. 38Power to raise grants
- S. 39Purpose of grants
- S. 40Debt sustanability analysis
- S. 41Debt statistical bulletin
- S. 42Annual public debt, guarantees and grants execution report
- S. 43General restriction on raising of loans
- S. 44Minister and other person not responsible for fulfilment of trusts
- S. 45Minister may delegate functions to public officer
- S. 46Financial misconduct by public officer or controlling body
- S. 47Disciplinary proceedings
- S. 48Offence by principal officer, shareholder or partner of body corporate
- S. 49Regulations
- S. 50Repeal of Cap. 366 and Cap. 350 and Savings and transitional
- S. IPRELIMINARY
- S. IIDEBT MANAGEMENT OFFICE
- S. IIIANNUAL BORROWING PLAN
- S. IVGENERAL BORROWING POWERS
- S. IXREPORTS
- S. VBORROWING BY PUBLIC BODIES
- S. VISINKING FUNDS
- S. VIIGUARANTEES AND INDEMNITIES
- S. VIIIPOWER TO RAISE GRANTS
- S. XGENERAL PROVISIONS