Another area of consultancy which might be interesting to the LGUs, and which is already
realised in many cases, covers activities related to managing the current debt. The activities should
consist in a comprehensive assessment of loan refinancing possibilities, definition of the
possibilities of incurring new liabilities, formulation of propositions for restructuring the existing
debt, management of the bond portfolio (new issues, roll-over) and application of other products,
such as receivables purchase or ESCO projects