Public debt and development distress in Latin America and the Caribbean

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/TS.2023/20
cepal.docTypeLibros y documentos institucionales
cepal.jobNumberS2300142_en
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.topicEngECONOMIC GROWTH
cepal.topicEngFINANCING AND EXTERNAL DEBT
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaFINANCIAMIENTO Y DEUDA EXTERNA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL
dc.contributor.institutionNU. DESA
dc.contributor.institutionUNCTAD
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2023-05-17T15:15:54Z
dc.date.available2023-05-17T15:15:54Z
dc.date.issued2023-05-17
dc.description.abstractUnfavourable global macrofinancial conditions have given rise to concerns about public debt sustainability in developing economies, including those of Latin America and the Caribbean. These adverse conditions threaten to worsen the already weak economic growth in the region. Public debt in the region is at levels last seen two decades ago, with a sharp increase in 2020 capping a progressive rise over the past decade. History suggests that countries may undergo development distress when similar macrofinancial and debt conditions coincide. High debt service may lead countries to face critical trade-offs between debt service and pursuing development objectives. When these trade-offs are no longer viable and market conditions deteriorate, a country may face a debt crisis, with severe and long-lasting disruptions to development, as experienced in the region after the debt crisis of the 1980s. Against the backdrop of the current macrofinancial and debt environment, there is greater urgency to transform the international sovereign debt architecture. The United Nations SDG Stimulus proposal outlines concrete steps in this direction, with solutions for all countries that are aligned with development.
dc.description.tableOfContentsForeword .-- Executive summary .-- I. A stormy macrofinancial context has thrust debt sustainability concerns to the fore .-- II. Public debt in Latin America and the Caribbean .-- III. Debt-related development distress .-- IV. Potential lasting solutions to sovereign debt resolution and restructuring processes.
dc.formatTexto
dc.format.extent55 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/TS.2023/20
dc.identifier.urihttps://hdl.handle.net/11362/48910
dc.language.isoeng
dc.physicalDescription55 p.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.translationLanguagespa
dc.relation.translationRecordDeuda pública y restricciones para el desarrollo en América Latina y el Caribe
dc.relation.translationUrihttps://hdl.handle.net/11362/48909
dc.rights.coarDisponible
dc.subject.unbisEngPUBLIC DEBT
dc.subject.unbisEngPUBLIC FINANCE
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngDEBT MANAGEMENT
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisSpaDEUDA PUBLICA
dc.subject.unbisSpaHACIENDA PUBLICA
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaGESTION DE LA DEUDA
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.titlePublic debt and development distress in Latin America and the Caribbean
dc.type.coarlibro
dc.usergrouppubweb
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