DEBT MANAGEMENT UNIT
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 the Galleria Mall Grand Anse St.George
ANNUAL DEBT REPORTS
Annual Debt Report 2025
Grenada’s economic and debt position in 2025 reflects a shift from strong post-pandemic growth to a more moderate and uneven expansion, alongside a weakening fiscal position. Real GDP grew by 5.8 percent, supported mainly by strong activity in construction and transport. Growth in tourism slowed significantly. Wholesale and retail trade improved, highlighting uneven performance across sectors. Inflation fell to 0.6 percent, driven by improved global price conditions and softer domestic demand.
Annual Debt Report 2024
Annual Debt Report 2023
Annual Debt Report 2022
Annual Debt Report 2021
Annual Debt Report 2020
Annual Debt Report 2019
This Debt Report provides an assessment of the Government of Grenada’s (GoG) debt and debt management operations in the fiscal year 2019. The Report covers total debt as defined by the Government of Grenada, which includes the Central Government’s (CG) debt and the Government guaranteed and non-guaranteed debt of all of Grenada’s State-owned Enterprises (SOEs).
