United Nations Conference on Trade and Development (UNCTAD)

DMFAS Programme
Meeting the basic debt analysis needs of its
user-institutions

Asian Regional Public Debt Management Summit

Kuala Lumpur – 3-5 November 2009
 DMFAS Programme’s Integrated Operational Framework

Inputs Outputs
 Enhanced debt portfolio
Debt Sustainability Analysis  Enhanced debt portfolio
 DPA bulletins
 BOP / Budget  DPA bulletins
 BOP / Budget  Improved cost & risk
information Risk Analysis Middle-  Improved cost & risk
information management
 Debt data Office management
 Debt data  Avoid debt crisis
 Macro data  Avoid debt crisis
 Macro data  Help develop debt strategies
Debt Portfolio  Help develop debt strategies
Analysis Analysis

 Dissemination of debt
 Debt Data Back-Office  Dissemination of debt
 Debt Data information
 Classification information
 Classification  Basis for debt analysis
 Coding  Basis for debt analysis
 Coding  Transparency
schemes Statistics  Transparency
schemes  Statistical bulletin
 Statistical bulletin

 Complete and accurate database

 Complete and accurate database
 Platform for debt servicing and
Loan data  Platform for debt servicing and
Loan data Back-Office accounting
accounting
External  Provide basis for debt statistics
External  Provide basis for debt statistics
Domestic  Assist in decision making at
Domestic  Assist in decision making at
Transactions / Recording (Debt
Transactions / executive debt management
executive debt management
Operations level
Operations database) level
Debt service  Data validation bulletins
Debt service  Data validation bulletins
Disbursements
Disbursements • Interfaces with:
• Interfaces with:
 World Bank /
 World Bank /
 IMF DSA templates
 IMF DSA templates
 WB / DRS
 WB / DRS
 DSM+
 DSM+
 IMFS
 IMFS
 DMFAS capacity building approach:
Output-orientation
DEBT
OUTPUTS MODULES
STRATEGY

Portfolio Reviews DEBT

Debt analysis
ANALYSIS

Debt statistics
Statistical Bulletin DEBT STATISTICS

Data Validation Debt data

Calendar DEBT DATABASE validation
 e
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DMFAS 6 DMFAS 6 at a glance

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DMFAS 6 at a glance

DMFAS 6 is web
enabled, users can
connect to the
application from a
remote location.

DMFAS 6 can be installed as a stand-alone system, an

intranet or an extranet.
Analytical features of DMFAS 6
Sensitivity analysis

Assist in determining potential debt related risks in three main dimensions

and examples of data elements generated by DMFAS for each:
1) Financing risks
Redemption profile, Average time to maturity, Share of debt maturing (in 1 / 3
/ 5 years), Duration…

2) Interest rate risks

Share of debt with variable rate interest, Share of debt with interest rate
refixed in x year(s), Average time to rate-fixing…

3) Exchange rate risks

Share of external debt, Currency composition of the portfolio, Exchange rates
Sensitivity analysis

Redemption profile

600

500

400
m illion US $

Stress Test 2
300 Stress Test 1
Status Quo
200

100

0
2010 2011 2012 2013 2014 2015 2016
Analytical features of DMFAS 6

Debt ratios
Automatic calculation of over 20 different debt ratios
-Historical and projected data
-Nominal and PV calculations
- XPSD/GDP
- XPSD/XGS
- i/XGS
- RES/XPSD
- SDPSD/DPSD, etc.
Other analytical features

- Net present value calculations

- Grant element / average terms calculations
- Export features to debt analytical tools
MTDS
DSM+
- Enhanced export facilities to Excel and other
analytical softwares and IFMIS
- Future releases of V6 will emphasize
managerial and analysis features => DMFAS
advisory group
 Thank you

Questions/Comments?
mark.willis@unctad.org
dmfas@unctad.org