Guyana among 4 Caricom nations at risk of heading into debt trap: UK Group

Guyana is one of four Caribbean Community (Caricom) nations that are among 29 countries listed by a UK-based organization as being at risk of government external debt crises.

Guyana, Haiti and St Lucia are named by Jubilee Debt Campaign, a coalition of national organizations and local groups around the United Kingdom as facing the risk of finding themselves in debt crises, while Dominica is said to be at high risk based on large external debt, a large and persistent current account deficit, and high projected future government debt payments.

The information is contained in Jubilee’s 40-page document titled, ‘The new debt trap: How the response to the