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Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky?

2018-05-22 Business & Economics
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Release : 2018-05-22
Genre : Business & Economics
Kind : eBook
Book Rating : 213/5 ( reviews)

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Book Synopsis Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? by : Mr.Tamon Asonuma

Download or read book Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? written by Mr.Tamon Asonuma. This book was released on 2018-05-22. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the causes, processes, and outcomes of Belize’s 2016–17 sovereign debt restructuring—its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006–07 and in 2012–13, the 2016–17 debt restructuring was executed through collaborative engagement with creditors outside an IMF-supported program. While providing liquidity relief and partially addressing long-term debt sustainability concerns, the restructuring will need to be underpinned by ambitious fiscal consolidation and growth-enhancing structural reforms to secure durable gains.

Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky?

2018-05-22 Business & Economics
Download Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? PDF Online Free

Author :
Release : 2018-05-22
Genre : Business & Economics
Kind : eBook
Book Rating : 651/5 ( reviews)

GET EBOOK


Book Synopsis Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? by : Mr.Tamon Asonuma

Download or read book Belize's 2016-17 Sovereign Debt Restructuring - Third Time Lucky? written by Mr.Tamon Asonuma. This book was released on 2018-05-22. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the causes, processes, and outcomes of Belize’s 2016–17 sovereign debt restructuring—its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006–07 and in 2012–13, the 2016–17 debt restructuring was executed through collaborative engagement with creditors outside an IMF-supported program. While providing liquidity relief and partially addressing long-term debt sustainability concerns, the restructuring will need to be underpinned by ambitious fiscal consolidation and growth-enhancing structural reforms to secure durable gains.

Barbados’ 2018–19 Sovereign Debt Restructuring–A Sea Change?

2020-02-21 Business & Economics
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Release : 2020-02-21
Genre : Business & Economics
Kind : eBook
Book Rating : 96X/5 ( reviews)

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Book Synopsis Barbados’ 2018–19 Sovereign Debt Restructuring–A Sea Change? by : Myrvin Anthony

Download or read book Barbados’ 2018–19 Sovereign Debt Restructuring–A Sea Change? written by Myrvin Anthony. This book was released on 2020-02-21. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the causes, processes, and outcomes of Barbados’ 2018–19 sovereign debt restructuring—its first ever. The restructuring was comprehensive, featuring several rarely used approaches, including the restructuring of treasury bills, and the use of a retrofitted collective action mechanism. The debt restructuring has helped to set Barbados’ public debt on a clear downward trajectory. A sustained reform effort, maintaining high primary surpluses and ambitious structural reforms, will be needed to gradually reduce public debt from about 160 percent of GDP before the restructuring to the country’s 60 percent debt-to-GDP target.

Reinvigorating Growth in Belize

2019-02-04 Business & Economics
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Release : 2019-02-04
Genre : Business & Economics
Kind : eBook
Book Rating : 183/5 ( reviews)

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Book Synopsis Reinvigorating Growth in Belize by : Dmitry Vasilyev

Download or read book Reinvigorating Growth in Belize written by Dmitry Vasilyev. This book was released on 2019-02-04. Available in PDF, EPUB and Kindle. Book excerpt: In the 1990s and early 2000s, Belize grew faster than its regional peers. By the mid-2000s, however, economic growth had slowed down to the regional average. A vicious circle of low growth and increasing public debt has been clouding Belize’s outlook. This paper applies a growth diagnostic approach based on the Hausmann-Rodrik-Velasco framework to investigate the main growth constraints and opportunities for higher growth in Belize. Improvements in access to finance and in the business climate could unlock Belize’s strengths.

Back to the Future: Fiscal Rules for Regaining Sustainability

2019-11-08 Business & Economics
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Release : 2019-11-08
Genre : Business & Economics
Kind : eBook
Book Rating : 867/5 ( reviews)

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Book Synopsis Back to the Future: Fiscal Rules for Regaining Sustainability by : Mr.Serhan Cevik

Download or read book Back to the Future: Fiscal Rules for Regaining Sustainability written by Mr.Serhan Cevik. This book was released on 2019-11-08. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation model to determine the optimal set of fiscal rules. The empirical analysis shows that fiscal policy in Belize has been significantly procyclical and unsustainable much of the period since 1976. While the government’s recent commitment to maintain a primary surplus of at least 2 percent of GDP until 2021 is supporting debt reduction, stochastic simulations indicate that further improvement in the primary balance is necessary to reliably bring the debt-to-GDP ratio to a sustainable path. Given Belize’s history of large economic shocks, this paper proposes explicit fiscal rules designed for countercyclical policy and debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing an independent fiscal council to improve accountability and transparency.

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