Basseterre, St Kitts 15 October 2007
The Regional Debt Coordinating Committee (RDCC) which oversees the development and operations of the Regional Government Securities Market says it is pleased with the performance of the market since its inception on 24 November 2002.
In keeping with its responsibility to ensure that the market functions efficiently and to enhance the debt management capabilities of the Participating Governments, the RDCC reviewed the performance of the RGSM at its 25th meeting in St Kitts on 11 October 2007.
According to the committee since the start of operations just under 5 years ago, 102 securities with a value of EC$ 2.1 billion and ranging from ninety-one (91) days to ten (10) years in maturity have been issued on the market. This is indicative of the RGSM