General Directorate of Borrowing was established within the Ministry of Treasury and Finance. 110 people will work in the headquarters.
The General Directorate of Borrowing, authorized to carry out the domestic borrowing of the state with the decree published in the Official Gazette and amending the decree on the Presidency organization, issuing government bonds, treasury bills and other domestic debt securities, determining their value and interest, selling them by tender, continuous sale and other methods. carry out the tasks of making.
GENERAL DIRECTORATE OF PUBLIC FINANCE
Previously, the General Directorate of Public Finance carried out the relevant tasks.
Borrower with bonds in international capital markets on behalf of the Republic of Turkey and similar instruments and appointed with borrowed his capacity as guarantor Debt Directorate General for further borrowing in cooperation on other ministerial departments, products, policy, you will find the determination of principles and strategies and borrowing programs contributed to the preparation.
The decree also amended the terms of reference of some departments within the Ministry of Treasury and Finance.
‘ORGANIZATION CHANGE’
The ministry official, who informed Reuters, said the regulation was an “organizational change,, adding that the internal borrowing and external borrowing units currently in two different head offices were merged.
Stating that a etkin more effective yap structure was taken as a basis with the related regulation, the authorized units were moved to Istanbul and credit rating agencies and investor relations were included in the newly established General Directorate of Borrowing.
HOW MUCH SHORT-TERM EXTERNAL DEBT?
According to Central Bank data, as of the end of June, short-term external debt stock increased by 5.0 percent compared to the end of 2018 and was realized as 122.9 billion dollars. In this period, banks 'short-term external debt stock decreased by 0.1 percent to $ 57.1 billion, while other sectors' short-term external debt stock increased by 10.0 percent to $ 59.3 billion.