Debt Managers and officers from Debt Management Units in the Ministries of Finance in the Eastern Caribbean Currency Union (ECCU), met for a Debt Managers’ Retreat from 14 to 15 February to strategise on ways to build capacity so that the ECCU member countries can better manage their debts through enhanced debt management practices.
The retreat, which was held at the Eastern Caribbean Central Bank (ECCB) Headquarters in St Kitts and Nevis, was part of the technical meetings under the Canada Eastern Caribbean Debt Management Advisory Service (CANEC DMAS) Project.
The CANEC DMAS Project commenced in 2009 to improve the effectiveness of ECCU governments to manage debt portfolios to sustainable levels. Through the CANEC DMAS Project, officers from the ECCU member countries have received training and technical assistance in several debt management areas including: undertaking debt sustainability analyses, development of debt management strategies and techniques for loan evaluation and negotiation. Equipment has also been donated to the countries to enhance their debt management practices. The CANEC DMAS Project is funded by the Canadian International Development Agency (CIDA).