Policy, Strategy and Risk Management Department

Overview

The Policy, Strategy and Risk Management Department (PSRMD), which is also referred to as the Middle Office, is responsible for the development of the medium-and long-term debt strategies aimed at maintaining the costs of government borrowing at its barest minimum and within prudent level of risks. Other activities of the department include the following:

  • Designing and formulating public debt management policies and strategies;
  • Conducting Debt Sustainability Analysis (DSA) on an annual basis, on the nation’s debt portfolio;
  • Tracking macroeconomic issues and their impact on the activities of the DMO;
  • Establishing strong working relationships with other governmental entities with the responsibilities for formulating macroeconomic policies, planning, public investment, cash management, budgeting, monetary policies and balance of payments;
  • Conducting periodic analysis on the total public debt stock (domestic and external) and debt flows in specific periods, provide information on the indebtedness to each creditor, while evaluating the nation’s debt composition for each creditor on currency, maturity, and interest-rate basis;
  • Conducting debt portfolio risk analysis and reports on portfolio-related risks;
  • Undertaking research on macroeconomic issues that have bearing on public debt management; and, Conducting periodic assessment on the operations of all departments by ensuring compliance.

Departmental Structure

The department is made up of three (3) units, namely: