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From 5 to 15 February 2024, the Public Debt Directorate (DDP) of Djibouti hosted a DMFAS training mission and an assessment of the progress of debt database creation.
Seven agents and executives of the DDP from the Back and Middle Office received an advanced functional training on DMFAS, to strengthen the knowledge the staff gained during the basic training, which was provided in September 2023.
During this two-week training, participants worked on advanced reporting functionalities, including user-defined reports and analytical reports. The training also addressed the management of debt securities in DMFAS and provided guidance on how to record reorganized debt instruments in DMFAS.
Participants also learned how to use the DMFAS debt analysis module. They learned how to produce some basic risk and cost indicators of the debt portfolio, notably debt ratios, and how to measure the impact of different interest rate or exchange rate scenarios on the portfolio. The DDP, in particular the middle-office considered that the module will be very useful for them, enabling them to calculate financial ratios as key analytical information that they will use to evaluate the country’s debt situation and as input to short- and long-term decisions regarding planning, investing, borrowing and risk management.
The DMFAS trainer also checked the database and estimated that 85% of the debt data was already recorded by the DDP staff in DMFAS database. It is expected to be completed by the summer.
The next planned activity is a workshop on debt data validation.