Prospects for the Growth of Debt in Selected SIDS

David Tennant and Kario-Paul Brown

Chapter Chapter 6 in Debt and Development in Small Island Developing States, 2014, pp 135-156 from Palgrave Macmillan

Abstract: Abstract The previous chapters have shown that numerous Small Island Developing States (SIDS) currently have public debt to GDP ratios in excess of 60 percent (the broadly accepted threshold for sustainable levels of public debt). A significant proportion of these countries, particularly those in the Caribbean, are now registering public debt to GDP levels of more than 100 percent. In spite of these high levels of indebtedness, only five SIDS (Comoros, Guinea-Bissau, Guyana, Haiti, and Sao Tome and Principe) have been considered poor enough or indebted enough to benefit from debt-relief schemes such as the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI).1

Keywords: International Monetary Fund; Fiscal Policy; Public Debt; Baseline Scenario; Forecast Horizon (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39278-7_6

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DOI: 10.1057/9781137392787_6

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