February 25, 2014

Debt managers analyse debt management developments in ECCU

Debt Managers from the Eastern Caribbean Currency Union (ECCU), along with staff of the Eastern Caribbean Central Bank (ECCB), have reviewed the status of debt management in the region and concluded that the challenges {{more}} of the on-going financial crisis have underscored the need for innovative methods and the adoption of emerging debt practices to boost the debt management capacity for the member countries.

The review was conducted during the meetings of the Technical Committee for the Canada Eastern Caribbean Debt Management Advisory Service (CANEC-DMAS) Project from 12 to 13 February in St Kitts and Nevis.

The project, which was established in November 2008 with a scheduled completion date of October 2014, has been extended to June 2017 to allow for further strengthening of debt management capabilities in the region.

The meeting participants deliberated and provided recommendations on the priority areas for the CANEC-DMAS Project in light of its extension to 2017; revisions to the project’s work programme up to the extension period; and developments on the Regional Governments Securities Market (RGSM).