The debt crisis and its implications for the Caribbean

Author(s): Boamah, Daniel O (1989)

Created 24 Jul, 1989
Categories Working Papers
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This paper surveys the external debt problem, laying special emphasis on the Caribbean situation. The extent of debt, the causes of the build-up, sources of debt servicing difficulties as well as problems associated with increasing debt service obligations have been discussed. It outlines some of the policies that have been advocated to deal with the crisis and discusses some of the schemes and financial instruments currently available for the management of external debt.

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