||Central Bank Of Barbados
During recent years, there has been substantial growth in the public debt of small middle-income economies, particularly those in the Caribbean, Indian and Pacific regions. Among the top ten indebted countries are St. Kitts and Nevis, Jamaica, Grenada, Antigua and Barbuda, Dominica and Belize (referred to as the Caribbean-6), as well as Seychelles, all of whose public debt as a ratio to gross domestic product (GDP) were in excess of 90 percent by 2006. Included in the top twenty indebted states, with public debt-to-GDP ratios between 60 per cent and 90 per cent, are St. Vincent, Barbados and St. Lucia (called the Caribbean-3), in addition to Mauritius, Cape Verde and Marshall Islands.
Book Review - The Emerging Debt Problems of Small States (March 2011).pdf