Debt crisis looms in Eastern Caribbean as unsustainable levels rise.
The article discusses the importance of managing debt levels in the Eastern Caribbean Central Bank area. It looks at how countries can handle their debt without causing financial problems. The researchers studied the debt levels, repayments, and arrears of these countries from 1988 to 1998. They also examined factors like concessional borrowing and interest rates that affect debt sustainability. The findings suggest that proper debt management strategies are needed to keep debt levels sustainable in these countries.