Concluding thoughts 42. I would like to conclude by adding that the process of managing public debt is an onerous responsibility, with implications for financial stability in the short to medium term and intergenerational equity in the long run.
Our debt portfolio is reasonably stable and sustainable and due to our conscious strategy of elongation of maturity, low level of foreign currency debt, large domestic investor base, risks are at low level. There is, however, an unfinished agenda of consolidation of public debt and we are moving towards this goal by active debt management through re-issuances, buybacks and switches.