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A proposal for debt relief among Caribbean SIDS

Presentation by Antonio Prado, Deputy Executive Secretary, ECLAC

 

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Source: UN ECLAC

Author: Antonio Prado

Year: 2015

Abstract:

Presentation by ECLAC Deputy Executive Secretary, Antonio Prado, in the 17th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC).

Excerpt:

Emerging challenges

  • Region has experienced lower GDP growth since the post crisis period with an average of 1.2% in 2014.
  • ECLAC projects that in 2015 growth will be 2.2% but many countries will be in the 1% range.
  • Low growth has generated high levels of unemployment especially among young people.
  • Fiscal challenges limit governments’ ability to maintain social protection programs.
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