Assessment of Debt Restructuring Operations in Commonwealth Small States
Book Details
Format
Paperback / Softback
Book Series
Commonwealth Economic Paper Series
ISBN-10
1849291357
ISBN-13
9781849291354
Publisher
Commonwealth Secretariat
Imprint
Commonwealth Secretariat
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 29th, 2015
Print length
84 Pages
Weight
84 grams
Dimensions
66.60 x 16.50 x 1.50 cms
Product Classification:
Development economics & emerging economies
Ksh 6,500.00
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An increase in external shocks, terrorism and natural disasters over the past two decades has led to unsustainable debt burdens in small and vulnerable states, resulting in debt restructuring programmes. This paper highlights small states’ concerns about their growing debt burden and the emerging challenges to their overall debt sustainability.
An increase in external shocks, international terrorism and natural disasters over the past two decades has led to unsustainable debt burdens in small and vulnerable states, resulting in debt restructuring programmes.This paper highlights the concerns of Commonwealth small states about their growing debt burden and the emerging challenges to their overall debt sustainability. It pinpoints the factors that lead to debt, the hurdles involved with debt restructuring and the weaknesses involved in debt management. It offers key lessons learned based on the experiences of seven small Commonwealth countries that have restructured their debts: Antigua and Barbuda, Belize, Dominica, Grenada, Jamaica, St Kitts and Nevis, and Seychelles.
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