Trinidad to host Caribbean debt burden meeting

Port-of-Spain, February 14- A meeting aimed at analysing the debt situation in Caribbean countries and the policies for debt relief will be held here on February 24.

Representatives from across the region will attend the meeting organised by the Permanent Secretariat of the Latin American and Caribbean Economic System (SELA) with the General Secretariat of the Association of Caribbean States (ACS).

The event will also focus on different approaches that respond to the particular characteristics of the economies in the region, exchange experiences among countries in the sub-region related the subject of debt relief and disseminate information about this reality among countries and integration organizations in Latin America and the Caribbean.

It is also aimed at identifying debt relief policies, particularly measures to promote investment and to spur economic growth, reach conclusions and recommendations with operational use for affected countries, as well as strategic information for other Member States.

A representative from St. Kitts and Nevis has been invited to make the first presentation during entitled “National experience for overcoming debt burden.” Presentations will also be made by representatives from Jamaica, Grenada and Barbados.

Debates will be based on the document “Debt Burden and Fiscal Sustainability in the Caribbean Region” prepared by the Permanent Secretariat of SELA.