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Prospects for the Growth of Debt in Selected SIDS

In: Debt and Development in Small Island Developing States

Author

Listed:
  • David F. Tennant
  • Kario-Paul Brown

Abstract

The previous chapters have shown that numerous Small Island Developing States (SIDS) currently have public debt to GDP ratios in excess of 60 percent (the broadly accepted threshold for sustainable levels of public debt). A significant proportion of these countries, particularly those in the Caribbean, are now registering public debt to GDP levels of more than 100 percent. In spite of these high levels of indebtedness, only five SIDS (Comoros, Guinea-Bissau, Guyana, Haiti, and Sao Tome and Principe) have been considered poor enough or indebted enough to benefit from debt-relief schemes such as the Heavily Indebted Poor Countries (HIPC) initiative and the Multilateral Debt Relief Initiative (MDRI).1

Suggested Citation

  • David F. Tennant & Kario-Paul Brown, 2014. "Prospects for the Growth of Debt in Selected SIDS," Palgrave Macmillan Books, in: Debt and Development in Small Island Developing States, chapter 0, pages 135-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-39278-7_6
    DOI: 10.1057/9781137392787_6
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