Debt Sustainability and Sustainable Development in SIDS
Chapter Chapter 10 in Debt and Development in Small Island Developing States, 2014, pp 219-238 from Palgrave Macmillan
Abstract Increasing debt levels have a deleterious impact on the economies of nations, especially the developing countries, and it is arguably one of the most important factors that impede development and perpetuate poverty. In recognition of this, the international community has implemented a number of initiatives to help alleviate the debt burden of the most indebted poor countries with the expectation that debt relief will provide the macroeconomic environment conducive to a sustainable level of debt. However, poor countries are not the only ones with heavy debt burdens. Small Island Developing States (SIDS) are a group of countries with unique characteristics and common developmental challenges but different public debt experiences. Their uniqueness makes the attainment of sustainable development particularly challenging, although important, for the continued existence of most SIDS.
Keywords: Sustainable Development; International Monetary Fund; Public Debt; United Nations Development Programme; Debt Service (search for similar items in EconPapers)
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