加勒比地区公共债务削减的驱动因素：牙买加、圣基茨和尼维斯和苏里南的案例研究（英）

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The Caribbean region has faced a persistent public debt issue, exacerbated by the COVID-19 pandemic, with total public debt increasing from $19 billion in 2000 to $63 billion in 2022, nearly tripling [16][18] - The average public debt to GDP ratio in the Caribbean rose from 56% in 2000 to 80% in 2020, before decreasing to 69% in 2022, indicating a significant challenge for sustainable development [19][21] - The report highlights successful debt reduction strategies in Jamaica and Saint Kitts and Nevis, contrasting with Suriname, which has seen a continuous increase in debt levels [16][26] Summary by Sections Introduction - The introduction outlines the global increase in public debt, particularly in developing countries, with Caribbean public debt rising significantly due to the pandemic [18][19] Evolution of Caribbean Public Debt - The chapter discusses the trends in public debt, noting that the Caribbean has one of the highest debt burdens globally, with a notable increase in the debt-to-GDP ratio over the past two decades [29][30] - It highlights the impact of the COVID-19 pandemic, which caused a spike in debt levels, with eight Caribbean countries exceeding a debt-to-GDP ratio of 80% during 2020 and 2021 [32][33] National Experiences in Debt Reduction - The report provides case studies of Jamaica, Saint Kitts and Nevis, and Suriname, detailing their respective debt management experiences from 2010 to 2022 [53] - Jamaica's debt-to-GDP ratio decreased from 135% in 2013 to 84% in 2022, showcasing effective fiscal discipline and debt restructuring measures [54][62] - Saint Kitts and Nevis also achieved a significant reduction in debt, while Suriname's debt increased from 28% of GDP in 2010 to 118% in 2022, highlighting the challenges faced by some nations [43][44] Debt Breakdown - The analysis of debt dynamics includes factors such as interest payments, inflation, and GDP growth, which influence the debt-to-GDP ratio in the selected countries [44][45] - The report emphasizes the importance of fiscal rules and substantial debt restructuring in achieving debt reduction [16][26]