Fresh approaches are needed to break the cycle of debt dependency
This paper explores the rapid increase in public debt in the Maldives over the last five years and assesses the possible development impact. It looks at the main drivers and possible policy solutions to the problem.
This discussion paper explores critically high levels of public debt and debt service across many small island developing states. It asks to what extent debt may be hampering progress towards poverty reduction and the MDGs and puts forward a series of policy measures to support SIDS reduce their public debt burdens.
This Discussion Paper examines the Jamaica Debt Exchange Programme, and asks whether the initiative will help release additional funds for poverty reduction and restore debt sustainability to the island. The debt exchange will release over US$500 million in extra resources in 2010 but the government’s debt position remains fragile.