The Challenges Of Fiscal Consolidation And Debt Reduction In The Caribbean PDF Download
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| Author | : Charles Amo Yartey |
| Publisher | : International Monetary Fund |
| Total Pages | : 48 |
| Release | : 2017-07-08 |
| Genre | : Business & Economics |
| ISBN | : 1475536119 |
Download The Challenges of Fiscal Consolidation and Debt Reduction in the Caribbean Book in PDF, ePub and Kindle
This paper examines debt dynamics in the Caribbean and discusses policy options for reducing the high debt levels. Based on empirical studies of factors underlying global large debt reduction episodes, important policy lessons are drawn for the Caribbean. The analysis shows that major debt reductions are associated with strong growth and decisive and lasting fiscal consolidation efforts. Since growth in the current environment is virtually nonexistent, significant fiscal consolidation is inevitable in the region. Better control of the public wage bill, increasing public sector efficiency and tackling transfers are the obvious targets to reduce spending. On the revenue side, there is ample room to reduce tax expenditures, eliminate distortions while broadening the tax base. Fiscal consolidation needs to be complemented by a comprehensive debt reduction strategy including tax policy reforms and structural reforms to boost competiveness.
| Author | : Charles Amo Yartey |
| Publisher | : International Monetary Fund |
| Total Pages | : 397 |
| Release | : 2014-05-06 |
| Genre | : Business & Economics |
| ISBN | : 1484321170 |
Download Caribbean Renewal Book in PDF, ePub and Kindle
Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including fiscal consolidation, robust growth, and structural reforms. The book also examines empirically the factors underlying global large debt reduction episodes to draw important policy lessons for the Caribbean. It also reviews the literature on successful fiscal consolidation experiences and provides an overview of past and current consolidation efforts in the Caribbean. The book concludes that the region needs a broad and sustained package of reforms to reduce debt ratios to more manageable levels and strengthen economic resilience.
| Author | : International Monetary Fund. Western Hemisphere Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 23 |
| Release | : 2013-02-23 |
| Genre | : Business & Economics |
| ISBN | : 1498342264 |
Download Caribbean Small States - Challenges of High Debt and Low Growth Book in PDF, ePub and Kindle
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
| Author | : Mr.Antonio David |
| Publisher | : International Monetary Fund |
| Total Pages | : 67 |
| Release | : 2018-04-26 |
| Genre | : Business & Economics |
| ISBN | : 1484353056 |
Download A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean Book in PDF, ePub and Kindle
This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, central bank reports, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation for these economies
| Author | : United Nations |
| Publisher | : |
| Total Pages | : 120 |
| Release | : 2019-05-06 |
| Genre | : Political Science |
| ISBN | : 9789211220179 |
Download Fiscal Panorama of Latin America and the Caribbean 2019 Book in PDF, ePub and Kindle
Fiscal Panorama of Latin America and the Caribbean, 2019 examines the role of tax policy as a tool for driving progress towards achievement of the Sustainable Development Goals. One way to strengthen collection is to address the challenges of taxing the rapidly growing digital economy. Tax policy can also be used to shift production and consumption patterns to encourage decarbonization of the economy and support improvements in public health. Lastly, the document analyses the constraints on domestic resource mobilization caused by fiscal incentives and how, effectively geared towards investment, these incentives could instead foster sustainable and inclusive development.
| Author | : Juan Pablo Bohoslavsky |
| Publisher | : Cambridge University Press |
| Total Pages | : 309 |
| Release | : 2017-11-02 |
| Genre | : Law |
| ISBN | : 1108245579 |
Download Sovereign Debt Crises Book in PDF, ePub and Kindle
There is an obvious need to learn more about why some countries succeed and others fail when dealing with debt crises. Why do some sovereign debtors overcome economic problems very quickly and at minor human rights costs for their people, while others remain trapped by debts for years struggling with overwhelming debt burdens and exacerbating economic problems and human suffering? This book analyzes fourteen unique or singular country cases of sovereign debt problems that differ characteristically from the 'ordinary' debtor countries, and have not yet received enough or proper attention - some regarded as successful, some as unsuccessful in dealing with debt crises. The aim is to contribute to a better understanding of the policy options available to countries struggling with debt problems, or how to resolve a debt overhang while protecting human rights, the Rule of Law and the debtor's economic recovery.
| Author | : International Monetary Fund. European Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 33 |
| Release | : 2013-08-08 |
| Genre | : Business & Economics |
| ISBN | : 1484306805 |
Download Kingdom of the Netherlands-Aruba Book in PDF, ePub and Kindle
This Selected Issues paper analyzes sustaining potential growth in Aruba. As in the other Caribbean countries, there are growing concerns in Aruba about the slowdown in economic growth over the past two decades and the consequent tepid outlook for potential growth. Tackling such concerns requires identifying the underlying factors. This paper presents an overview of Aruba’s economic growth performance since 1990, analyzes factors behind the slowdown, and discusses how potential growth can be sustained. It suggests that Aruba should aim to finance its renewable energy and other future growth initiatives sustainably.
| Author | : Stephanie Fullerton-Cooper |
| Publisher | : Cambridge Scholars Publishing |
| Total Pages | : 420 |
| Release | : 2017-06-23 |
| Genre | : Social Science |
| ISBN | : 1443873675 |
Download The Caribbean in a Changing World Book in PDF, ePub and Kindle
This collection is a critical reflection of the evolution of Caribbean countries since the demise of the West Indies Federation in 1962. At this historical juncture, some territories opted for independence while others remained dependent territories. The volume examines Caribbean societies in comparative and general ways, covering aspects of their ongoing development and challenges. It covers such areas as Caribbean integration, the state of human capital and social policy in the region, the education sector, Caribbean economic sustainability, and, significantly, the physical environment of the Caribbean. A central question has always been: should these territories have gone independent or stayed under some British tutelage? The book addresses this question, illustrating that these island states have made considerable progress, especially in the maintenance and deepening of democratic practices.
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 15 |
| Release | : 2013-03-15 |
| Genre | : Business & Economics |
| ISBN | : 1484376307 |
Download IMF Research Bulletin, March 2013 Book in PDF, ePub and Kindle
The Research Summaries in the March 2013 Research Bulletin discuss "Trade Finance and Its Role in the Great Trade Collapse" (JaeBin Ahn) and "Sovereign Debt: How to Track Who Is Buying and Selling It" (Serkan Arslanalp and Takahiro Tsuda). The Q&A looks at "Seven Questions on the Implications of Global Supply Chains for Real Effective Exchange Rates" (Rudolfs Bems). Readers can also find in this issue a listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications. The Bulletin also includes a call for papers for a research conference and information on free access to the IMF Economic Review in April.
| Author | : International Monetary Fund. Strategy, Policy, & Review Department |
| Publisher | : International Monetary Fund |
| Total Pages | : 67 |
| Release | : 2013-02-20 |
| Genre | : Business & Economics |
| ISBN | : 1498342310 |
Download Macroeconomic Issues in Small States and Implications for Fund Engagement Book in PDF, ePub and Kindle
This paper reviews the macroeconomic characteristics and performance of small states and discusses ways in which the Fund’s engagement with these countries could be better tailored to meet their needs. The Fund previously examined small states issues in 2000, informed by a Joint Task Force Report of the Commonwealth Secretariat (CS) and World Bank. Small states continue to face many of the same challenges they did then, and the 2000 Small States Report remains the foundation for much of the work in this area, both inside and outside the Fund. However, the relative macroeconomic performance of small states has deteriorated since the late 1990s, and a fresh look is warranted.
