GOSL Annual Debt Portfolio Report 2023
The main objective of Saint Lucia's public debt management is meeting Government financing requirements at a minimum cost with a prudent degree of risk. In keeping with this objective, the Ministry of Finance, Economic Development, and Youth Economy are committed to pursuing a debt management strategy to fulfil this objective. The Debt and Investment Unit of the Department of Finance is the primary agent responsible for managing the public debt portfolio.
This issue of the Annual Debt Portfolio Review (DPR) analyses the Government of Saint Lucia's debt stock, flows, and risk over the year (January - December) of 2023, debt management operations in 2023, and trend analysis of portfolio changes comparing the previous five years 2019-2023. The composition and the risks embedded in the debt portfolio form the core of this review. The details of debt holders by residency, creditor categories, instrument types, currency composition, maturity profile, and types of risks are in this report. The risk indicators examined include exchange rate, interest rate, and refinancing risks (the average time to maturity and the average time to re-fixing). This report also reports the maturity profile of the central government debt over the next decade and examines the fiscal and debt sustainability indicators of the Government of Saint Lucia over the previous five years. The scope of the DPR is total public debt comprising central government debt and contingent liability debt. |  |
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