Treasury Principal Secretary Dr. Chris Kiptoo has directed an audit of the Public Debt Management Office (PDMO) operations as part of efforts to enhance debt sustainability and improve Kenya’s borrowing framework.
The directive came during a consultative meeting on August 4, 2026, where Dr. Kiptoo reviewed the PDMO’s strategic priorities and emphasized the need to diversify financing sources and instruments. This diversification aims to mitigate risks associated with overreliance on limited borrowing options.
Key directives to the Public Debt Management Office
- Broaden resource mobilisation by expanding funding sources and borrowing instruments.
- Deepen the domestic debt market to attract more investors and improve local borrowing efficiency.
- Strengthen liability management, including refinancing or restructuring existing debt to reduce costs and ease repayment pressures.
- Identify policy, institutional, and operational bottlenecks and develop a time-bound action plan to address them.
The PDMO is responsible for overseeing Kenya’s borrowing strategies, managing government debt, and advising the National Treasury on balancing borrowing costs against financial risks.
These measures coincide with the Treasury’s recent launch of the Public Debt Data Warehouse, a digital platform designed to streamline debt tracking, reduce paperwork, eliminate duplicate records, and enhance data accuracy.
Overall, the Treasury’s initiatives reflect a broader commitment to modernizing Kenya’s debt management system by improving transparency, accountability, and ensuring that borrowing supports sustainable economic growth.
