Medium Term Debt Strategy

The Debt Management Unit within the Ministry of Finance in collaboration with the COMSEC/CARTAC and ECCB prepared the Medium Term Debt Strategy (MTDS) which outlines the Government of the Commonwealth of Dominica's desired debt portfolio over for the period Financial Year 2025/2026 to 2027/2028. The MTDS will be updated annually. However, given the challenges in the global and local economy, the MTDS will also be updated to reflect any material changes that may occur during the year under review. The base year of the analysis is financial year 2024/2025. The strategies were crafted within the context of the country's Medium Term Macroeconomic and Fiscal Framework. The IMF/World Bank MTDS Analytical Toolkit (AT) provided the framework for the quantitative analysis, required to evaluate the costs and risks of the alternative strategies developed. The tool is also forward looking and caters for eventualities and as such, shock scenarios form part of the analysis, including a stand-alone and combined shock to variable interest rates and exchange rates.