WITH THE ECONOMIES of several Caribbean islands still struggling with high debt, deficits and low growth, when the Caribbean Development Bank (CDB) holds its 47th annual meeting of the board of governors, advising on a road map to help turn the situation around will be critical.
Scheduled for Tuesday in The Turks and Caicos Islands, the meeting comes at a time when various administrations, including Barbados’, are trying to create economic growth while trying to reduce Government spending.
As the CDB said in its 2017 regional economic review, “economic stability is a precondition for breaking out of the unhappy cycle of high debt and low growth.”
“There is plenty of evidence to suggest that a high debt burden compromises a country’s economic stability, its economic growth agenda and government’s ability to support social programmes.” (GE)
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