Cabinet Approves New Credit Risk Framework for Financial Institutions 📈

• Cabinet approves a new credit risk assessment methodology for financial institutions providing government guarantees or sub-loans to state-owned enterprises, under the Public Debt Management Act. • Banking & Financial Services and the Central Bank are excluded from the Act's definition of "Public Enterprises," creating a need for a specialized risk assessment model. • The new framework will evaluate high-level debt financing, market risk, liquidation risk, regulatory needs, and systemic importance unique to these financial entities.