Caricom Heads of Government at their recent summit in Antigua welcomed the Second Report of the Commission on the Economy which focused on reforming the business operating environment in member states.
The Report highlighted the importance of a stable macroeconomic environment as the springboard for the Community’s Growth Agenda and the Heads agreed on the formulation of a regional fiscal sustainability framework within six months and the design of a regional debt management mechanism, at the 35th Regular Meeting of the Conference of Heads of Government of the Caribbean Community in Antigua and Barbuda.
The meeting also agreed to appoint a Caricom Debt Advocacy Team to advocate on behalf of member states with development partners on appropriate debt relief and/or debt amelioration arrangements for the highly indebted Caricom states. “This initiative recognises that growing out of the current burdensome debt is not realistic for certain
