Caribbean Economics Quarterly: Volume 12, Issue 3: Dealing with Debt in the Caribbean
Peer Reviewed
Date issued
December 2023
Subject
Gross Domestic Product;
Debt Management;
Interest Rate;
Debt Restructuring;
Economy;
Economic Development;
Fiscal Policy;
Fiscal Consolidation;
Fiscal Institution;
Fiscal Sustainability;
Fiscal Rule;
Economic Policy;
Economic Recovery;
Finance;
Financial Risk;
Political Economy;
Public Debt;
Public Debt Management;
Public Finance
JEL code
E00 - Macroeconomics and Monetary Economics: General: General;
E30 - Prices, Business Fluctuations, and Cycles: General;
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General;
E61 - Policy Objectives • Policy Designs and Consistency • Policy Coordination;
E62 - Fiscal Policy;
E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy • Stabilization • Treasury Policy;
F34 - International Lending and Debt Problems;
N16 - Latin America • Caribbean;
O11 - Macroeconomic Analyses of Economic Development;
O23 - Fiscal and Monetary Policy in Development;
O43 - Institutions and Growth
Country
Barbados;
Bahamas;
Guyana;
Jamaica;
Suriname;
Trinidad and Tobago
Category
Magazines, Journals and Newsletters
Many countries in Latin America and (especially) the Caribbean have struggled with public indebtedness problems for decades, but some have transitioned to relatively low and stable debt levels based on the strengthening of fiscal institutions, and macroeconomic institutions more generally. Following on this year's Development in the Americas report, Dealing with Debt, this edition of the Caribbean Economics Quarterly examines the status of public debt sustainability in Caribbean countries. The regional chapter provides a primer on the analysis of public debt dynamics and a review of the recent literature on empirical approaches to debt sustainability. Country chapters provide additional details on country experiences in recent decades, as well as the current policy and institutional frameworks for managing public debt.
