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Acknowledgements

The Medium-Term Debt Management Strategy (MTDS) continues to play a significant role

in the achievement of the GOJ’s public debt management operational goals and objectives.

The MTDS FY2018/19-FY2020/21 will guide debt management operations over the

medium-term to ensure that the GOJ’s financing needs are satisfied at prudent levels of risk.

It also reaffirms the Government’s commitment to continued stakeholder engagement in the

effort to engender sustained support for GOJ’s issuances.

Accordingly, the preparation of the document involves the technical process of utilizing an

analytical toolkit to model and evaluate alternate financing scenarios, from which an optimal

borrowing strategy is selected for execution over the stated period.

Sincere appreciation to the DMB team for their valuable contribution and continued

commitment to the production of this document. Special thanks to Miss Darlene Morrison,

Financial Secretary (Act’g); Mrs. Michele Robinson, Debt Management Consultant; World

Bank and IMF consultants as well as the Public Debt Management Committee for their

support, guidance and input.

In keeping with the objective of inclusiveness and open dialogue with stakeholders, the

GOJ welcomes your comments at: invrelinfo@mof.gov.jm

Dian Black Janet Wallace

Deputy Financial Secretary (Act’g) Principal Director (Act’g)

Economic Management Division Debt Management Branch

Ministry of Finance and the Public Service Economic Management Division

...
June 12, 2021


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vi | P a g e Medium Term Debt Management Strategy FY2017/18 – FY2019/20

ACKNOWLEDGEMENTS

As FY2017/18 approaches, the Debt Management Branch (DMB) in the Economic Management

Division continues to play an integral role in the achievement of the goals of the GOJ by

developing and implementing critical strategies to facilitate the reduction of the public debt to a

sustainable level.

The DMB remains steadfast in its efforts to be innovative and proactive in the strategies pursued

to satisfy the financing needs of the Government at minimum costs and prudent levels of risk.

Sincere appreciation is extended to the DMB team for the valuable contribution to the production

of the MTDS, as well as the dedication to the process, ensuring that the content and quality of the

document meet international standards.

I would also like to express special thanks to Miss Darlene Morrison, Deputy Financial

Secretary, Economic Management Division; Mrs. Michele Robinson, Debt Management

Consultant; Mr. Diego Rivetti, IMF Consultant and the Public Debt Management Committee for

their input, guidance and support, which contributed to the development of this publication.

Dian Black

Principal Director

Debt Management Branch

February 9, 2017

...
June 11, 2021


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Medium-Term Debt Management Strategy FY2021/22-FY2024/25 ix | P a g e

ACKNOWLEDGEMENTS

The Medium-Term Debt Management Strategy (MTDS) continues to be an integral part of the

management of the Government of Jamaica’s fiscal operations and its macro-economic

programme. The execution of planned activities, guided by the MTDS, plays a significant role in

the achievement of the GOJ’s public debt management operational goals and objectives.

The MTDS FY2021/22-FY2024/25 will guide debt management operations over the

medium-term to ensure that the GOJ’s financing needs are satisfied at prudent levels of risk. The

DMB, in keeping with its commitment to conduct debt operations transparently, will continue to

engage key stakeholders through a communications framework grounded in the core principles of

transparency, openness, accessibility and consistency. This is to bolster efforts in sustaining

stakeholders’ appetite for GOJ’s issuances

I want to express my sincere appreciation to the DMB team for their continued commitment to

the preparation of the document. The production of this document occurred against the backdrop

of the COVID-19 pandemic where much of the work, especially the review, took place using

virtual technology. Despite the challenges, the team remained steadfast in its efforts to be

proactive in the execution of strategies regarding the management of the public debt.

Additionally, special thanks to: Miss Darlene Morrison, Financial Secretary and the members of

the Public Debt Management Committee for their support, guidance and input.

Dian Black

Principal Director

Debt Management Branch

Economic Management Division

February 18, 2021

...
June 11, 2021


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