Caribbean Countries to Discuss Debt Situation in the Region

Port of Spain, February 17 (PL)- The Caribbean countries will discuss the debt situation in the region and the policies for debt relief in a meeting to be held on Feb. 24 here.

Representatives from across the area will participate in the meeting organized by the Permanent Secretariat of the Latin American and Caribbean Economic System (SELA) and the General Secretariat of the Association of Caribbean States (ACS), local media reported.

The event will focus on different approaches that respond to the particular characteristics of the economies in the region, exchange experiences related to the subject of debt relief, it was reported.

The meeting will also disseminate information about this reality among countries and integration organizations in Latin America and the Caribbean.

It is aimed at identifying debt relief policies, particularly measures to promote investment and to boost economic growth, organizers said.

A representative from St. Kitts and Nevis has been invited to make the first presentation and will be followed 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.