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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
support, guidance and input.
In keeping with the objective of inclusiveness and open dialogue with stakeholders, the
GOJ welcomes your comments at: email@example.com
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
vi | P a g e Medium Term Debt Management Strategy FY2017/18 – FY2019/20
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
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
their input, guidance and support, which contributed to the development of this publication.
Debt Management Branch
February 9, 2017
June 11, 2021
Medium-Term Debt Management Strategy FY2021/22-FY2024/25 ix | P a g e
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.
Debt Management Branch
Economic Management Division
February 18, 2021
June 11, 2021