Dominica to benefit from Regional Government securities market
The Government of the Commonwealth of Dominica was the sixth member government to issue on the RGSM.
During the first three months of 2012, the four member governments of the Eastern Caribbean Currency Union (ECCU) issued securities on the(RGSM)and were successful in raising short and long term capital amounting to EC $246.6 million.
Although there was a modest decline in the value of the bids from investors, the 11 securities that were issued during the period were generally oversubscribed.
Another positive development on the RGSM was the increase in ECCU citizens’ interest in government securities as they sought to diversify their investment portfolios.
In addition The Committee announced that Eastern Caribbean Currency Union ECCU countries will receive more ‘In-country’ Technical Assistance in Debt Management.
Member countries of the (ECCU) are expected to benefit from more hands-on training and technical assistance from the Canada Eastern Caribbean Debt Management Advisory Service (CANEC DMAS) Project during the 2012/2013 financial year.
The increased ‘in-country’ assistance would allow for other stakeholders involved in the debt management process to participate in capacity building initiatives.
The crafting of debt management strategies and training in loan negotiation and evaluation are among the main areas identified for support from the project.