Thirty-seven (37) Government Debt Officers and Central Bankers received first-hand training in the latest version of the Commonwealth Secretariat Debt Recording and Management System – CS-DRMS 2.0, a software utilised by Caribbean countries to record and monitor public debt. The training was delivered at a workshop held over the period 28 October to 8 November at the Marriott Hotel in St Kitts and Nevis.
The delegates represented Anguilla, Antigua and Barbuda, Bahamas, Barbados, British Virgin Islands, Belize, Commonwealth of Dominica, Grenada, Guyana, Jamaica,
St Kitts and Nevis, Saint Lucia, St Vincent and the Grenadines and Trinidad and Tobago.
The workshop was a collaborative effort between the Commonwealth Secretariat (COMSEC) and the Eastern Caribbean Central Bank (ECCB), through the Canada Eastern Caribbean Debt Management Advisory Service (CANEC-DMAS) Project.
Participants were introduced to key enhancements in the latest version of the software including: liability management options such as interest rate and currency conversions, non-business day conventions, debt restructuring, data reporting tools and debt data dissemination standards.
Hands-on exercises and case studies were complemented by presentations from the ECCB and COMSEC and also the Caribbean Development Bank (CDB), the Inter-American Development Bank (IADB) and the World Bank on the key characteristics of their loan instruments.
This workshop follows a CS-DRMS training for new users, which was organised by the ECCB as part of the CANEC-DMAS Project for the Eastern Caribbean Currency Union (ECCU) countries in July 2013. COMSEC is expected to release version 2.0 of CS-DRMS within the coming months.