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Getting insights towards recovery, resilience and socio-economic transformation is something you can do easily, thanks to Eastern Caribbean Central Bank Blog.
“Of note, ECCU Governments contracted an additional $1 billion of debt in 2020. Much of this debt helped to plug the massive financing gaps occasioned by the pandemic. It ought to be recalled that government revenues plummeted by as much as 50 per cent in some countries.”
We learn there too that:
Fiscal buffers are an essential part of the resilience toolkit of Caribbean countries.
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Vulnerability must be explicitly considered by the international financial institutions if they are to craft timely and effective responses to the needs of Caribbean economies.