About this document
CARICOM Debt: Impact on Growth & Development by chambers.damion20 is a document available to read on EtoBox.
During the 1990s, CARICOM countries saw a significant rise in public debt, with average debt reaching 84% of GDP by 2005, particularly affecting smaller OECS economies. This debt accumulation has shifted economic policies from development to debt management, limiting investments in critical sectors and leading to lower GDP growth rates. To achieve sustainable growth, CARICOM nations must align fiscal policies with export performance and address structural vulnerabilities contributing to excessive debt.
- Author
- chambers.damion20
- Language
- EN