  We set up a Debt Management Committee and a Joint Working Group, comprising representatives of the Bank and the Ministry of Finance and Economic Empowerment, to formulate and implement Government’s Debt Management Strategy, along the lines of the recommendations of the World Bank.
  We also initiated work at the Bank relating to a major review of Government’s medium-term debt strategy to include benchmarks and targets for the overall debt portfolio, based on cost- and risk-analysis to optimize both the composition and tenor of the debt portfolio.