Michele Robinson |Debt Management Consultant

Reports and Publications

2022

• February 2022: Government of The Bahamas - Public Debt Statistical Bulletin FY 2021 - Q2 (November 2021).

2021

• November 2021: The World Bank - Debt Transparency in Developing Economies (World Bank, Washington, DC)

• November 2021: Government of The Bahamas - Public Debt Statistical Bulletin FY2021/2022 Q1 (Government of The Bahamas, Nassau).

• November 2021: Government of The Bahamas - Medium Term Debt Strategy FY2022/23 to FY2024/25 (Government of The Bahamas, Nassau).

• July 2021: Government of The Bahamas - Annual Borrowing Plan FY 2021/2022 (Government of The Bahamas)

• March 2021: Michele Robinson - Debt Transparency and Data Quality in the Caribbean (Commonwealth Secretariat, London)

2020

• February 2020: IMF Working Paper - Barbados' 2018-19 Sovereign Debt Restructuring - A Sea Change? (IMF, Washington, DC)

2019

• October  2019: Government of Grenada - Quarterly Debt Statistical Bulletin - September 2019 (Government of Grenada, St. George's, Grenada)

• July 2019: Government of Grenada - Quarterly Debt Statistical Bulletin - June 2019 (Government of Grenada, St. George's, Grenada)

• April 2019: Government of Grenada - Quarterly Debt Statistical Bulletin - March 2019 (Government of Grenada, St. George's, Grenada)

• February 2019: Government of Jamaica - Medium Term Debt Strategy 2019-2023 (Government of Jamaica, Kingston, Jamaica)

• January 2019: Government of Grenada Quarterly Debt Statistical Bulletin - December 2018. (Government of Grenada, St. George's, Grenada)

2018

• December 2018: IMF Country Report - Suriname - Selected Issues (International Monetary Fund, Washington, DC)

• November 2018: World Bank - 2019 International Debt Statistics (World Bank, Washington DC)

• November 2018: IMF - Belize - Climate Change Policy Assessment (International Monetary Fund, Washington, DC)

• October 2018 - Government of Barbados - Debt Exchange Participation Press Release (Government of Barbados, Bridgetown, Barbados)

• September 2018. IMF - Barbados: Letter of Intent (International Monetary Fund, Washington, DC)

• July 2018: IMF Staff Report - Grenada - Debt Sustainability Analysis (International Monetary Fund, Washington, DC)

• June 2018: IMF Country Report - St. Lucia - Climate Change Policy Assessment (International Monetary Fund, Washington, DC)

• May 2018: IMF Country Report - The Bahamas - Selected Issues (International Monetary Fund, Washington, DC)

• May 2018: IMF - Guyana Debt Sustainability Analysis (International Monetary Fund, Washington, DC)

• May 2018: IMF - Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? (International Monetary Fund, Washington, DC)

• April 2018: Climate Analytics - Debt for Climate Swaps - Caribbean Outlook (Berlin, Germany)

2017

• November 2017: Assessing Debt Sustainability in Belize (Central Bank of Belize)

• November 2017: UNCTAD - Environmental Vulnerability and Debt Sustainability in the Caribbean: Do we have enough tools to address Catstrophic Risk? (New York)

• August 2017: Strengthening the Debt Sustainability Framework for Caribbean Small States (CIGI)

• July 2017: Sovereign Debt Restructurings in Grenada: Causes, Processes, Outcomes and Lessons Learned (International Monetary Fund, Washington)

• June 2017: Government of Anguilla - Annual Debt Portfolio Review (Government of Anguilla)

2016

• October 2016: Robinson, Michele, Introduction to Hurricane Clauses - Lessons from the Grenada Experience. (Commonwealth Secretariat, London).

• January 2016: IDB - Debt, Fiscal Adjustment and Economic Growth in Jamaica. (inter-American Development Bank)

2015

• June 2015: Financing for Development and Small Island Devloping States (UNDP). Read more

2014

• December 2014: Debt and Development in Small Island Developing States, edited by Damien King and David F. Tennant. (Palgrave MacMillan). Read more
• 2014: External Debt Statistics: Guide for Compilers and Users (Task Force on Finance Statistics - TFFS)
• April 2014: Revised Guidelines for Public Debt Management (International Monetary Fund)

2013

• October 2013: Debt Burdens in Commonwealth Small States (Commonwealth Secretariat)
• July 2013: Debt Burden and Fiscal Sustainability in the Caribbean Region (Latin America and Caribbean Economic System, (SELA))
• March 2013: Macroeconomic Issues in Small States and Implicatons for Fund Engagement (IMF Policy Paper, IMF)
• March 2013: Grenada - Govt. of Grenada to commence discussions with creditors on the restructuring of its public debt
• March 2013: Belize - Successful Debt Exchange Press Release
• February 2013: Caribbean Small States - Challenges of High Debt and Low Growth (IMF Policy Paper, IMF)
• February 2013: Small States - Performance in Public Debt Management (World Bank)
• February 2013: Belize launches Debt Exchange Press Release
• February 2013: Jamaica - National Debt Exchange (NDX) Launch Presentation
• February 2013: Jamaica - National Debt Exchange Press Release
  

2012

• November 2012: The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean (IMF)
• October 2012: A Review of Debt Restructuring Initiatives - Experience of Commonwealth Small Vulnerable Economies (SVEs) (Commonwealth Secretariat)
• October 2012: World Economic Outlook - Coping with High Debt and Sluggish Growth (International Monetary Fund)
  
• August 2012: Sovereign Debt Restructuring 1950-2010; Literature Survey, Data and Stylized Facts (IMF)
• July 2012: What Lies Beneath: The Statistical Definition of Public Sector Debt (IMF)
• June 2012: Threshold Effects of Sovereign Debt: Evidence from the Caribbean (IMF)
• June 2012: A Survey of  Experiences with Emerging Market Sovereign Debt Restructurings (IMF)
• May 2012: The State of Debt - Putting an end to 30 years of Crisis (Jubilee Campaign)
• March 2012: St. Kitts and Nevis - Debt Exchange Results Press Release
• February 2012: St. Kitts and Nevis - Debt Exchange Offer
• February 2012: Montserrat - Debt Profile Review (ECCB/DMAS)
  

2011

• August 2011: Antigua and Barbuda Debt Profile Review 2006 - 2010 (Government of Antigua and Barbuda)
• May 2011: Public Sector Debt Statistics Guide for Compilers and Users (International Monetary Fund)
• April 2011: Managing Sovereign Debt and Debt Markets though a Crisis - Practical Insights and Policy Lessons (International Monetary Fund)
• April 2011: Jamaica: Macroeconomic Policy, Debt and the IMF (Centre for Economic and Policy Research)
• February 2011: Eastern Caribbean Central Bank -  Eastern Caribbean Currency Union (ECCU) Fiscal Targets (2011)
• January 2011: Moody's Investor Services - Latin America and Caribbean Sovereign Outlook
• January 2011: The Challenges of High Debt Addressing the Debt Overhang - The Cases of Jamaica and Antigua (Alleyne - IMF)

2010

• December 2010: Managing Public Sector Debt and its Financial Stability Implications (IMF)
  
   
• December 2010: Caribbean Debt and the JDX - Pause for Thought (Robinson) 
• November 2010: Towards Sound Debt Management in the Caribbean (Robinson) 
• June 2010: Debt Restructuring Initiatives (Options for Small Vulnerable Economies) (Robinson)
• May 2010: Guidance for Operational Risk Management in Debt Management (World Bank)
• May 2010: Primary Dealer Systems - A Handbook (World Bank)
• May 2010: Jamaica Debt Exchange - A Case Study for Heavily Indebted Middle Income Countries (UNDP) 
• Financing Recovery: Implications for Natural Disaster Expenditure on the Fiscal Sustainability of the Eastern Caribbean Currency Unit (ECCU) States (Caribbean Centre for Money and Finance/UWI)
  
• April 2010: Achieving Fiscal Sustainability in Jamaica - The JDX and Beyond (CAPRI)
  
• January 2010: Government of Jamaica - Jamaica Domestic Debt Exchange (JDX) Information Memorandum 
  

2009

• November 2009: The Debt-Propelled Economy - a Failed Economic Strategy (Harris)
• May 2009: Latin American and Caribbean (LAC) Debt Management Specialists Group - Minutes of Fifth Annual Meeting
• April 2009: Government of Jamaica - Government of Jamaica Debt Management Strategy 2009/10 
• March 2009: Preliminary Overview of the Caribbean: 2008 - 2009 (UN-ECLAC)
• Fiscal Discipline in the Achievement of Fiscal and Debt Sustainability in the Bahamas (Caribbean Centre for Money and Finance/UWI)
• February 2009: Central Bank of Trinidad and Tobago - The Government Securities Market in Trinidad and Tobago 
  

2008

• October 2008:  High Level Debt Management Forum Report  (Crown Agents)
• September 2008: Public Debt Sustainability in the Caribbean (ECLAC) 
• July 2008: Economic Survey of the Caribbean: 2007 - 2008 (ECLAC)
• March 2008: Jamaica's Debt: Exploring Causes and Strategies (CaPRI)
• April 2008: Government of Jamaica - Government of Jamaica Debt Management Strategy 2008/09
•  February 2008: Caribbean Region - CSDRMS User Group Communique Commonwealth Secretariat
• February 2008: Debt Sustainability under Catastrophic Risk: The Case for Government Budget Insurance (IMF)

2007

• September 2007: The Impact of High Debt Burdens on Small Caribbean States (Hyman)
• September 2007: A Discourse on Debt and Economic Growth in the Caribbean Community (Bourne) 
• May 2007: DFID - Caribbean Regional Evaluation Programme (DFID)
• May 2007: Debt Accumulation in the Caribbean: Origins, Consequences and Strategies (UN-ECLAC)

• April 2007: Government of Jamaica - Government of Jamaica Debt Management Strategy 2007/08 

2006

• December 2006: Capital Market Development in the Caribbean within the context of the CARICOM Single Market and Economy (ECLAC)
• December 2006: Eastern Caribbean Currency Union (ECCU) Regional Government Securities Market - FAQs (Eastern Caribbean Central Bank (ECCB)
• November 2006: Debt Renegotiation - Guyana's Experience with Paris Club and Commercial Creditors (Commonwealth Secretariat)
• June 2006: Sovereign Debt Risk Management - Quantifying Sovereign Risk in Jamaica (Bank of Jamaica)
• Securities Market Development in Trinidad and Tobago -  Contemporary Issues and Challenges (Caribbean Centre for Money and Finance/UWI)
• The Determinants of Jamaica's Sovereign Spread (Caribbean Centre for Money and Finance/UWI)
• An Examination of the Government of Jamaica's Debt Raising Strategy - Some Perspectives on Capital Market Development and Monetary Policy Management (Caribbean Centre for Money and Finance/UWI)
• Price Discovery in the Trinidad and Tobago Fixed- Rate Bond Market - A Preliminary Study (Caribbean Centre for Money and Finance/UWI)
• April 2006: Government of Jamaica - Government of Jamaica Debt Management Strategy 2006/07 

2005

• December 2005: Growth, Debt and Finance in the Caribbean (UN-ECLAC)
• November 2005: Government of Grenada - Government of Grenada - Debt Exchange Offer  
• November 2005: Caribbean Development Bank - Total Public Debt, 1999-2004, Borrowing Member Countries (CDB)
• October 2005: Toward the Enhancement of Derivative Trading in the CARICOM sub-region  (UWI-SALISES)
  
• August 2005: The Emerging Debt Problems of Small States (Commonwealth Secretariat)
• July 2005: Sovereign Debt Crises and Private Sector Involvement (PSI): A Preliminary Assessment of the Dominican Republic's Experience (Rambarran and Bhagoo)
• February 2005: Stabilization, Debt, and Fiscal Policy in the Caribbean (IMF)
• Improving the Effectiveness of the Market for Bonds in the CARICOM Sub-Region (UWI-SALISES)
  

2004

• May 2004: Sovereign Debt Sustainability in Jamaica: A Risk Management Approach (Bank of Jamaica)
• April 2004: Government of Dominica -  Government of Dominica - Debt Exchange Offer

**Newest Publications**

Debt Transparency and Data Quality in the Caribbean, Commonwealth Secretariat, London, 2021

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Best Practice Publications

IMF/World Bank - Guidelines for Public Debt Management (2001)

IMF/World Bank - Guidelines for Public Debt Management Amended (2003)

IMF - External Debt Statistics: Guide for Compilers and Users (2003)

World Bank - Sound Practice in Government Debt Management (2004)

INTOSAI - Guidance for Conducting a Public Debt Audit - The Use of Substantive Tests in Financial Audits (2007)

World Bank - Guide to the Debt Management Performance Assessment Tool  - DeMPA (2009)

IMF/World Bank - Developing a Medium-Term Debt Management Strategy (MTDS) - Guidance Note for Country Authorities (2009)

World Bank - Guidance for Operational Risk Management in Government Debt Management (2010)

IMF - Public Sector Debt Statistics: Guide for Compilers and Users (2011)

Debt Papers and Publications by Michele Robinson

2016: Introducing Hurricane Clauses: Lessons from Grenada's Recent Experience (Commonwealth Secretariat)

2010: A Review of Debt Restructuring Initiatives - Experience of Commonwealth Small Vulnerable Economies

1998: Debt Management and Development - Jamaica's Experience

1993: Debt Conversions for Economic, Social and Environmental Projects - Jamaica's Experience

1993: Debt Relief, Principles and Practice - Jamaica's Experience

1990: Debt Management in Jamaica

Newspaper and Other Articles

2010: GDP Indexed Bonds - Can they help stablise Caribbean debt? Business Journal online, September 20, 2010