Moody's Warns Of More Caribbean Debt Restructurings

Moody's - Caribbean Debt Crisis

"We see the defaults of Belize (Caa2 stable), Jamaica (Caa3 stable), and Grenada (unrated) over the past year as being part of a broader debt crisis in the Caribbean," 

The IMF’s Caribbean Report: A Critique by Ronald Ramkissoon Ph.D. Senior Economist, Republic Bank Ltd.

The IMF’s Caribbean Report: A Critique by Ronald Ramkissoon Ph.D. Senior Economist.

"The recent International Monetary Fund (IMF) Report on the Caribbean titled Caribbean Small States: Challenges of High Debt and Low Growth (February 20, 2013) deserves particular attention for some of the things it says, and for some of the things it did not say. As is well known, Caribbean states, to varying degrees, are finding it extremely difficult to make ends meet and states are increasingly turning to the multilaterals, including the IMF, for help. What is the report saying about the challenges of the Caribbean and what are the recommendations? Are these recommendations adequate? Is anything missing?"

CARIBBEAN SMALL STATES: CHALLENGES OF HIGH DEBT AND LOW GROWTH

IMF Report on the State of Caribbean Economy

"This paper presents background on Caribbean small states as context for the main paper, “Macroeconomic Issues in Small States and Implications for Fund Engagement.” It draws on recent analytical work presented at a conference for policy makers in September 2012, in Trinidad and Tobago. Caribbean small states, while sharing many features of other small states (size-related macroeconomic vulnerabilities, lack of economies of scale, and capacity constraints) have specific characteristics which merit attention." (Challenges of high debt and low growth).