The Greek Third Fiscal Adjustment Programme will come to a successful end in August 2018. Therefore, challenges arise concerning the post Programme era, related mainly to the coverage of the annual gross financing needs of the Hellenic Republic and the management of the Greek Debt Portfolio.
For this reason, the Greek Public Debt Management Agency (PDMA), has set the following four main targets as the basis of upcoming years’ debt management strategy:
- The coverage of the annual gross financing needs through a continuous and permanent access to the international capital markets, based on an effective Investor Relations strategy.
- The active management of market risks that are incorporated in the Greek Public Debt Portfolio.
- The management of the cash reserves of both the Greek State and the General Government Entities.
- The liquidity management, i.e. the management of the short-term cash position of the Greek State.