Caribbean Renewal

Caribbean economies face high and rising debt-to-GDP ratios that jeopardize prospects for medium-term debt sustainability and growth. This book provides a comprehensive analysis of the challenges of fiscal consolidation and debt reduction in the Caribbean. It examines the problem of high debt in the region and discusses policy options for improving debt sustainability, including fiscal consolidation, robust growth, and structural reforms. The book also examines empirically the factors underlying global large debt reduction episodes to draw important policy lessons for the Caribbean. It also reviews the literature on successful fiscal consolidation experiences and provides an overview of past and current consolidation efforts in the Caribbean. The book concludes that the region needs a broad and sustained package of reforms to reduce debt ratios to more manageable levels and strengthen economic resilience.

This paper explains the IMF eLibrary simplifies analysis and research with online access to the IMF’s periodicals, books, working papers and studies, and data and statistical tools. This full collection contains material dating back to 1946. It is a vital source of information for researchers, professionals, and students in economics, law, business, international affairs, environment and natural resource management, inclusion, gender and labor issues, and much more. Full access to the AREAER Online database is included with all eLibrary subscriptions. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) tracks the exchange and trade regimes of members of the International Monetary Fund. AREAER Online allows users to search policy components back to 1999. Users can track how policies have changed over time or compare rules and restrictions by country and region. Microsites help researchers and professionals who are less familiar with IMF content easily find the resources they need.

This paper focuses on several IMF publications published in the winter of year 2018. Realizing Indonesia’s Economic Potential book uncovers some of the forces that are likely to shape Indonesia’s economy. It analyses the constraints to growth, propose options to boost economic growth, and explore key issues policymakers will need to handle in the future. The ASEAN Way: Sustaining Growth and Stability book provides a comprehensive account of how Association of Southeast Asian Nations, its individual members and as a group, rose above its worst regional financial crisis 20 years ago, to become one of the most resilient in the face of the worst global financial crisis just a decade later. The challenges faced and the policy responses taken, chronicled and analyzed in this study, can hopefully provide further lessons as we face a new global policy paradigm. It is a must-read for academics, the financial community, and policymakers alike.