Dominican Republic

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Risk Management

Financing Source Amount Total Debt Share ATM Average Time to Refix Share of Variable Debt Weighted Average Interest Rate
Total Public Debt 54,828.8 100.0% 10.4 9.5 12.8% 7.6%
Total Domestic Debt 15,974.7 29.1% 7.2 7.2 0.3% 10.5%
Commercial Banks 271.5 0.5% 1.8 1.7 18.6% 5.5%
Bonds 13,417.3 24.5% 8.0 8.0 0.0% 10.6%
Recap Bonds 2,285.9 4.2% 3.2 3.2 0.0% 10.3%
Total External Debt 38,854.1 70.9% 11.8 10.5 18.0% 6.4%
Commercial Banks 0 0% 0.0 0.0 0.0% 0%
Bilaterals 2,103.5 3.8% 7.7 6.2 15.1% 3.4%
Bonds 29,215.4 53.3% 13.3 13.3 0.0% 6.5%
Multilaterals 7,529.2 13.7% 7.0 1.0 88.5% 7.0%
Suppliers 6.0 0.0% 0.5 0.5 0.0% 0.0%
Total Public Debt excluding Recap Bonds 52,542.9 95.8% 10.8 9.8 13.4% 7.5%

1Preliminary figures in millions (USD) as of december 31, 2023

The exchange risk refers to changes in the value of debt due to variations in the exchange rate of the peso against the different foreign currencies that make up the debt portfolio. This risk is measured through the proportion of debt denominated in foreign currency within the total portfolio.

Interest rate risk measures the risk of rising interest service due to the increase in the interest rates to which the debt portfolio is linked. To measure this risk we use three main indicators: 1. The proportion of debt at a variable rate within the total portfolio. 2. The proportion of debt that changes interest rates in a year. 3. Average time to refixing.

Refinancing risk refers to the risk of not obtaining the resources to repay debt maturities, or that they are obtained at very high rates given a high concentration of maturities in the short term or in a specific period. To measure this risk we use several indicators: 1. The proportion of the portfolio that expires in the next 12 months (short term), 2. The average time to maturity. 3. Analysis of the maturity concentration in the amortization profile.

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