DEBT MANAGEMENT UNIT

 HEADED BY: MR. KERRY PIERRE             

The main objective of the Debt Management Unit is:  “Ensuring that the financing needs of the Government are met on a timely basis and that its debt service obligations are met at the lowest cost over the medium-to-long term, in a manner that is consistent with an acceptable and prudent degree of risk” (Public Debt Management Act 2015).

The DMU functions include:

·        Preparing the prospectus for government securities on the Regional Government Securities Market (RGSM) in compliance with PDMA 2015

·        Managing investor-creditor relations to maintain demand for government instruments

·        Developing a Medium-Term Debt Management Strategy (MTDS) and annual borrowing plan

·        Executing funding transactions in compliance with the MTDS

·        Preparing regular debt portfolio analysis and preparing and reporting debt statistics periodically

·        Providing  input for the preparation of the Debt Sustainability Analysis (DSA)

·        Recording all government borrowing and maintaining debt records accurately in the Commonwealth Secretariat Debt Recording & Management System (CS-DRMS) database

·        Comprehensive validation of the debt database

·        Monitoring disbursements and loan utilization and preparing forecasts of debt service payments as part of the annual budget preparation.

Debt Management Unit publications:

1.      Quarterly Debt bulletin

2.      Debt Portfolio Review

3.      Prospectus for Government Securities

4.      Medium-Term Debt Management Strategy

The Debt Management Unit is located in building #5 at the Ministry of Finance, Financial Complex, the Carenage, St. George’s. 

QUARTERLY PUBLIC DEBT BULLETIN 

 ANNUAL DEBT REPORT 2021

ANNUAL DEBT REPORT 2020
ANNUAL DEBT REPORT 2019