The UAE’s Federal Debt Management Office (FDMO) was formally established through Decretal Federal Law No (9) of 2018 regarding Public Debt. It was established as a directorate within the Ministry of Finance of the UAE.
The FDMO is responsible for the overall debt management of the Ministry of Finance. Since its establishment, the office has evolved and taken on increasing responsibilities, as the sovereign has acquired solicited credit ratings from Fitch and Moody’s. The FDMO is tasked to maintain sovereign debt at sustainable level and raise funds for sovereign at a lowest risk and cost. It is the focal point of the federal government for sovereign credit ratings. It also co-ordinates with the borrowing activities of the other emirates debt management offices in the UAE.