1. Pamella McLaren, President CARADEM
Caribbean Association of Debt Managers Second Annual Meeting La Antigua, Guatemala July 10, 2012
Pamella McLaren, President CARADEM

2. Order Of Presentation Why an association? Who we are?
Regional Challenges
Proposed Steps and Accomplishments

3. Why an Association?
Debt problems of small states differ from those of larger countries
Commonality shared among Caribbean countries
Examine Caribbean solutions for more effective public debt management
CARADEM Est. October 2011

4. OBJECTIVES STRATEGIES
Technical and policy discussions
Strengthen and improve the effectiveness
Disseminate standardized public debt data
Practical advice on debt management
Strengthen the technical capability
Regularly exchange experiences and information
Effective and continuous sharing of information
Capacity Building
Institutional Reform
Establish communication network

5. 5 CARICOM Associate Members
CARADEM
Who we are
Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago
15 CARICOM Full Members
Anguilla, Bermuda, British Virgin Islands, Cayman Islands, and Turks and Caicos Islands
5 CARICOM Associate Members
Caribbean Association of Debt Managers is an association that comprises of 20 members. These are 15 CARICOM full member and 5 CARICOM associate members. CARADEM aims to unify and provide guidance to debt managers across the Caribbean Region.

6. Executive members Mrs. Pamella McLaren Mrs. Michelle Doyle-Lowe
President
Mrs. Michelle Doyle-Lowe
Vice President
Mr. Francis Fontenelle
Executive Member
Ms. Marlene Jeffers
Secretary
Ms. Patlian Johnson

7. Commonwealth Secretariat Caribbean Technical Assistance Centre
Associate Partners
Commonwealth Secretariat
Caribbean Technical Assistance Centre
Associate member
The associate partners of CARADEM are Commonwealth Secretariat, Caribbean Technical Assistance Centre and …
The role of Commonwealth Secretariat are…
The CARTAC’s role of includes…
Mrs. Michele Robinson
Debt Management Consultant

8. Endogenous and Exogenous Shocks
Regional Challenges
Development of Domestic Market as a source of liquidity
Domestic Markets
Improvement of risk indicators for small open economies
Liability management
Endogenous and Exogenous Shocks
Containment of high and unsustainable debt levels
Improved monitoring of contingent liabilities
Restricted Growth

9. Proactive Debt Management
Debt Management Strategy
Cost & Risk
Management
Policy Formulation
Capacity Building
Activities
Domestic Market Development
The outcomes of the said objectives are listed.
An informal survey conducted by to all the CARADEM’s received nine responses. Of the nine countries that responded only 2 countries access the international capital market and none has a published MTDS.

10. Domestic Market Development
Maintaining fair efficient and transparent markets
Reducing systematic risk
Protecting investors
Enforceability of transactions
Protection of clients assets
Ensure strong and stable demand for government debt securities
Efficient money and primary markets
Access to a diversified investor base
A sound securities custody and settlement system
Debt market regulation

11. Impact Of Global Crisis
Increased investor risk aversion
Increased cost of funding for emerging economies
Increased exposure of risk
Countries defer issuance or employ contingency plans

12. 2 1 Proposed Steps Communication Network
Mandate Members to Submit Information
Public debt management activities
Public Debt statistics
Institutional developments
Communication Network
Development of website
Structured s
Newsletter 1 2

13. Accomplishments
Linked page at
First publication of CARADEM’S Newsletter
Establish Bylaws
Establish Mandate

14. Mandate: A Snapshot Articulate clearly the debt management issues …
Assist member countries in the area of debt management…
Represent the member countries on debt management…
Ensure member countries maintain lines of communication among themselves …

15. Bylaws: A Snapshot ARTICLE I – NAME ARTICLE II - PURPOSES
ARTICLE III- MEETINGS
ARTICLE IV – MEMBERSHIP
ARTICLE V – GOVERNING BODIES
ARTICLE VI – AMENDMENTS to BYLAWS

16. Suggested Logos

17. The Way Forward… 1 CARADEM’S LOGO
Submit information on research activities 2
Next Meeting 3

18. CARIBBEAN ASSOCIATION OF DEBT MANAGERS
C/O Ministry of Finance & Planning
30 National Heroes Circle
Kingston 4, Jamaica
West Indies
Tel:
Fax:
Link :