Strategic Objective
Trò chơi xổ số Việt Nam To support the Federal Government of Somalia by collecting, recording, managing and reconciling of domestic arrears and external debt; and preparations and readiness for re-engagement with the international financial institutions (IFIs) through the processes of IFI arrears clearance, re-accessing IFI financing, and HIPC debt relief.

Trò chơi xổ số Việt NamThe tasks of DMU staff involve two interconnected functions:

  • The policy/analytical/planning function for issues relating to arrears clearance and debt relief (‘front and middle office’)
  • The recording/monitoring/reporting of existing loans and reconstruction of Somalia’s external database (‘back office’)

Trò chơi xổ số Việt NamThe tasks of the Head of DMU include, but are not limited to the following:

  • Head of Debt Management Unit;
  • Coordinate and manage activities of debt section, while working closely with the aid coordinator;
  • Maintaining well-informed and coordinated relations with Somalia’s creditors, development partners, and International Financial Institutions (IFIs) on issues related to Somalia’s external debt position, arrears clearance and debt relief;
  • Manage CS-DRMS database of debt flows and stocks;
  • Assist the Back Office in the Management of the CS-DRMS as needed;
  • Coordinate and manage activities of debt section;
  • Coordinate debt issues within the relevant departments of the MoF, with MoP, CBS and, as needed, other ministries and government offices;
  • Lead analytical work and negotiations/discussions on loans and issues relating to arrears clearance and debt relief;
  • Issue and ensure timely circulation of debt reports to Minister of Finance, IFIs and other stakeholders on debt situation in prescribed format, in context of HIPC;

The tasks of the Front Office function include, but are not limited to the following:

  • Assist the Head of Debt Management Unit;
  • Assist in coordinating and managing activities of debt section, while working closely with the aid coordinator;
  • Assist in Maintaining well-informed and coordinated relations with Somalia’s creditors, development partners, and International Financial Institutions (IFIs) on issues related to Somalia’s external debt position, arrears clearance and debt relief;
  • Assist in coordinating and manage activities of debt section;
  • Assist in coordinating debt issues within the relevant departments of the MoF, with MoP, CBS and, as needed, other ministries and government offices;
  • Assist in analytical work and negotiations/discussions on loans and issues relating to arrears clearance and debt relief;
  • Assist in issuing and ensure timely circulation of debt reports to Minister of Finance, IFIs and other stakeholders on debt situation in prescribed format, in context of HIPC;
  • The tasks of the Back Office function include, but are not limited to the following:

Trò chơi xổ số Việt NamManage CS-DRMS database of debt flows and stocks;

  • Help prepare for loan planning and negotiations;
  • Prepare debt data for debt reports;
  • Interpret and record loan agreements into CS-DRMS, and monitor disbursements,
  • Ensuring timeliness in coordination with Front Office and Aid Coordination in MoP;
  • Project debt service obligations for Budget;
  • Prepare timely and accurate debt service payments for SFMIS;
  • Assist Front Office in the preparation of debt reports as required for Ministry, IFI, other stakeholders
  • Validate debt data regularly and update CS-DRMS database;
  • Reconcile debt transactions with creditors and other government departments;
  • Maintain inventory of loan/grant agreements (in coordination with Aid Coordination in MoP)
  • Undertake any other duties that may be assigned by the Debt Manager;

DMU official contact
Trò chơi xổ số Việt Nam dmu@mof.gov.so

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