Monday, June 11, 2012

Debt mounts in major Caribbean countries

Barbados and some of her Caribbean neighbors have been saddled with huge debt, a debt that is sapping government revenues and retarding economic and social expansion.

According to the Standard & Poor’s credit rating agency, the debt accumulated by Barbados, Jamaica, The Bahamas, Grenada and Belize since the turn of the 21st century has skyrocketed.

The financial situation has gotten much worse in the wake of the global financial crisis that began four years ago. Some of those

More details here...

No comments:

Post a Comment