Jwala Rambarran laments Caribbean futility over public debt

jwala-rambarran

Jwala Rambarran, the governor of the Central Bank of Trinidad and Tobago, on January 29 branded the fiscal adjustment required to reduce the Caribbean countries' public debt "neither socially nor politically feasible".

Speaking at a workshop in Port of Spain, Rambarran noted that despite their large debt and wide external current account deficits, countries – naming in particular Barbados – are unwilling to devalue their currencies.

Furthermore, he questioned the success of initiatives

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: