Fiscal Sustainability in the CAC Region

Anders Danielson

Chapter 2 in Towards Sustainable Development in Central America and the Caribbean, 2001, pp 12-29 from Palgrave Macmillan

Abstract: Abstract For several years, most countries in the Caribbean and Central America (CAC) have been pursuing similar and far-reaching economic reforms. This is nothing peculiar for that region: most countries in Latin America, Africa and parts of Asia have been engaged in similar economic strategies. The background is a dismal performance, particularly with regard to economic growth, since the mid-1970s. Moreover, following the debt crisis of the early 1980s and the increasingly important role of international financial institutions, particularly the International Monetary Fund (IMF) and the World Bank, economic reforms have come to mean a move towards a more dominating role for market forces at the expense of the government.

Keywords: International Monetary Fund; Fiscal Policy; Economic Reform; Real Interest Rate; External Debt (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50212-3_2

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DOI: 10.1057/9780230502123_2

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