The Bangko Sentral ng Pilipinas (BSP) has completed the enhancement of its external debt monitoring and analysis by shifting to the latest version of the Debt Management and Financial Analysis System (DMFAS) 6.
The implementation is in line with its mandate on external debt management and with the recent technological developments.
The DMFAS is a database software developed by the United Nations Conference on Trade and Development (UNCTAD) used for recording, monitoring, reporting and analysis of debt data that are aligned with international standards and rigorous set of validation checks to ensure consistency of records.
The framework is currently in use by 105 finance ministries, central banks, and other debt management offices in 69 countries.
It serves as the primary database of the BSP for the preparation of comprehensive external debt statistics for operational and policy purposes, as well as for general dissemination to domestic and international stakeholders.
The DMFAS 6 has strengthened security to ensure data integrity and confidentiality and an enhanced user experience and navigation. It also offers enhanced analytical and managerial tools for debt portfolio analysis and reporting.
The upgrade to DMFAS 6 is expected to improve and expand BSP’s operations with the use of available DMFAS data sets in generating pre-built and user-defined reports.
Going forward, the BSP will continue its data-driven initiatives by expanding the coverage of the DMFAS database and analysis through possible integration with other external debt data sources.