Cap.22,2L PL; No. er-lc l)sn"r MexeciEh'{[iNT 4f}tll on the method used lbr each assessment and the results thereof for approval by the Minister; (0 (g) prepare annual reports on outstanding guarantees, and lacilitate the recovery of any payments including interest and any other costs incurred by Government due to the honouring of outstanding guarantees; assess the credit risk in any lending, and prepare reports on the method used for each assessment and the results thereof for the attention of the Minister; (h) prepare reports on the debt of local authorities and public entities; as well as assess, monitor and keep track of debt levels of all local authorities and public entities; (i) store all original loan agreements and debt administration records in relation to the public debt; (j) compile, verify and report on all public debt arrears, especially Government public debt arrears, and design a strategy for the settlement of these; &) keep timely, comprehensive and accurate records of outstanding public debt, guarantees and on-lending, in a computerised database. and in (i) particular- compile data on all debt servicing obligations of the Government, local authorities and public entities, and prepare and publish debt statistical bulletins in relation thereto regularly, either globally or on a selective basis as required; (ii) validate and reconcile debt data concernins creditors of the Govemment of Zimbabwe; (l) prepare forecasts on Govemment debt servicing and disbursements as part of the yearly budget preparations; (m) prepare balance of payments projections; (n) monitor and evaluate projects funded or partly funded by public debt to ensure that borrowed funds are used for their intended purposes; (o) prepare an annual report on Government debt management activities including the debt stock position and related debt service projections, new borrowing, guarantees and lending; (p) operate as the Secretariat to the External and Domestic Debt Management Committee in accordance with section 7(3): (q) act as the principal adviser in the development of domestic capital markets and issuance of domestic and external debt securities on behalf Govemment of Zimbabwe; (r) assess, monitor and report on any other implicit of the and explicit public sector contingent liabilities and advise on thefu management; (s) maintain and administer a secure computerised debt management infomration system; (t) initiate, facilitate and monitor disbursements on borrowings and onlending; and (u) analyse requests from local authorities and public entities for borrowings. 6 Principal Director and staff of Public Debt Management Office ( I ) The operations of the Public Debt Management Olflce shall, sub.iect to this Act be conffolled and managed by a Principal Director, whose office shall tre a public office and shall fbrm pan of the Civil Service, and who shall report to the Secretary. 10-5