Drivers of public debt reduction in the Caribbean: a case study of Jamaica, Saint Kitts and Nevis and Suriname

Vista sencilla de ítem
cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2024/145
cepal.docTypeSeries
cepal.jobNumberS2401217_en
cepal.topicEngPUBLIC ADMINISTRATION
cepal.topicEngMACROECONOMICS
cepal.topicSpaGESTIÓN PÚBLICA
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorAlleyne, Dillon
dc.contributor.authorHendrickson, Michael
dc.contributor.authorPantin, Machel
dc.coverage.spatialEngJAMAICA
dc.coverage.spatialEngSAINT KITTS AND NEVIS
dc.coverage.spatialEngSURINAME
dc.coverage.spatialSpaJAMAICA
dc.coverage.spatialSpaSAINT KITTS Y NEVIS
dc.coverage.spatialSpaSURINAME
dc.date.accessioned2025-01-20T20:29:29Z
dc.date.available2025-01-20T20:29:29Z
dc.date.issued2025-01-20
dc.description.abstractThe Caribbean’s long-running public debt challenge has been worsened by COVID-19. Recent international interest rate increases and the looming threat of climate change impacts place even more burden on Caribbean governments' budgets. While the Caribbean's average debt burden has risen in the past 13 years, some countries have been able to lower their debt ratios. This study closely examines the performance of two Caribbean countries which over the past 13 years, have seen a sustained downward trend in their debt ratios, Jamaica and Saint Kitts and Nevis, and one country that has seen a sustained upward trend in its debt ratio, Suriname. Based on these case studies, a number of recommendations are made for Caribbean countries to help in their debt reduction. The study finds that a commitment to fiscal rules and having deep haircuts when restructuring debt contribute to lowering debt, while inconsistent commitment to fiscal consolidation and macroeconomic imbalances can contribute to increasing debt.
dc.description.tableOfContentsAbstract .-- Introduction .-- I. Evolution of public debt in the Caribbean .-- II. Country experiences with debt reduction. A. Jamaica. B. Saint Kitts and Nevis. C. Suriname .-- III. Recommendations for reducing public debt in the Caribbean .-- IV. Conclusion.
dc.formatTexto
dc.format.extent40 pages
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2024/145
dc.identifier.unSymbolLC/CAR/TS.2024/7
dc.identifier.urihttps://hdl.handle.net/11362/81205
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesStudies and Perspectives series-The Caribbean
dc.relation.isPartOfSeriesNo130
dc.subject.unbisEngPUBLIC DEBT
dc.subject.unbisEngDEBT RELIEF
dc.subject.unbisEngCASE STUDIES
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisSpaDEUDA PUBLICA
dc.subject.unbisSpaALIVIO DE LA DEUDA
dc.subject.unbisSpaESTUDIOS DE CASOS
dc.subject.unbisSpaMACROECONOMIA
dc.titleDrivers of public debt reduction in the Caribbean: a case study of Jamaica, Saint Kitts and Nevis and Suriname
dc.type.coarlibro
dc.usergrouppubweb
dspace.entity.typePublication
relation.isAuthorOfPublication2ab95237-472d-4ba9-8a56-fe19e9d26512
relation.isAuthorOfPublicationfb888a6e-5bd2-4a00-b414-ba857655b19c
relation.isAuthorOfPublicationdaed2f84-87a9-439c-83a3-ba588017c3e0
relation.isAuthorOfPublication.latestForDiscovery2ab95237-472d-4ba9-8a56-fe19e9d26512
Descargar
Bloque original
Mostrando 1 - 1 de 1
Miniatura
Nombre:
S2401217_en.pdf
Tamaño:
1.45 MB
Formato:
Adobe Portable Document Format
Descripción:
Document in english
Descargar
Colecciones
Studies and Perspectives – ECLAC Subregional Headquarters for The Caribbean