Problem Loans In The Caribbean Determinants Impact And Strategies For Resolution

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Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution

Ms.Kimberly Beaton,Mr.Thomas Dowling,Dmitriy Kovtun,Franz Loyola,Ms.Alla Myrvoda,Mr.Joel Chiedu Okwuokei,Ms.Inci Ötker,Mr.Jarkko Turunen
Problem Loans in the Caribbean Determinants Impact and Strategies for Resolution Book PDF

Author : Ms.Kimberly Beaton,Mr.Thomas Dowling,Dmitriy Kovtun,Franz Loyola,Ms.Alla Myrvoda,Mr.Joel Chiedu Okwuokei,Ms.Inci Ötker,Mr.Jarkko Turunen
Publisher : International Monetary Fund
Page : 54 pages
File Size : 42,6 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484327029

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Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution by Ms.Kimberly Beaton,Mr.Thomas Dowling,Dmitriy Kovtun,Franz Loyola,Ms.Alla Myrvoda,Mr.Joel Chiedu Okwuokei,Ms.Inci Ötker,Mr.Jarkko Turunen Pdf

The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building.

Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution

Ms.Kimberly Beaton,Mr.Thomas Dowling,Dmitriy Kovtun,Franz Loyola,Ms.Alla Myrvoda,Mr.Joel Chiedu Okwuokei,Ms.Inci Ötker,Mr.Jarkko Turunen
Problem Loans in the Caribbean Determinants Impact and Strategies for Resolution Book PDF

Author : Ms.Kimberly Beaton,Mr.Thomas Dowling,Dmitriy Kovtun,Franz Loyola,Ms.Alla Myrvoda,Mr.Joel Chiedu Okwuokei,Ms.Inci Ötker,Mr.Jarkko Turunen
Publisher : International Monetary Fund
Page : 54 pages
File Size : 50,5 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9781484326572

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Problem Loans in the Caribbean: Determinants, Impact and Strategies for Resolution by Ms.Kimberly Beaton,Mr.Thomas Dowling,Dmitriy Kovtun,Franz Loyola,Ms.Alla Myrvoda,Mr.Joel Chiedu Okwuokei,Ms.Inci Ötker,Mr.Jarkko Turunen Pdf

The high level of nonperforming loans (NPLs) in the Caribbean has been, in large part, a legacy of the global financial crisis, but their persistence owes much to the weak economic recovery in the region, as well as to structural obstacles to their resolution. A comprehensive strategy is needed to address these impediments to sever the adverse feedback loops between weak economic activity and weak asset quality. This paper finds that NPLs are a drag on Caribbean growth and macro-financial links are strong: a deterioration in asset quality hinders bank lending and dampens economic activity, undermining, in turn, efforts to resolve problem loans. A multifaceted approach is needed, involving a combination of macro- economic policies to support growth and employment; strong supervisory frameworks to ensure macro-financial stability and create incentives for resolution; efforts to address informational gaps and deficiencies in insolvency and debt-enforcement frameworks; and development of markets for distressed loans. The institutional capacity constraints require coordination of reforms within the region and support from international organizations through capacity-building.

Unleashing Growth and Strengthening Resilience in the Caribbean

Mr.Krishna Srinivasan,Ms.Inci Otker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne
Unleashing Growth and Strengthening Resilience in the Caribbean Book PDF

Author : Mr.Krishna Srinivasan,Ms.Inci Otker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne
Publisher : International Monetary Fund
Page : 378 pages
File Size : 53,5 Mb
Release : 2017-11-13
Category : Business & Economics
ISBN : 9781484315194

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Unleashing Growth and Strengthening Resilience in the Caribbean by Mr.Krishna Srinivasan,Ms.Inci Otker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne Pdf

This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

An Ethical Turn in Governance

Pearson A. Broome
An Ethical Turn in Governance Book PDF

Author : Pearson A. Broome
Publisher : Rowman & Littlefield
Page : 299 pages
File Size : 43,7 Mb
Release : 2021-04-09
Category : Political Science
ISBN : 9781498591980

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An Ethical Turn in Governance by Pearson A. Broome Pdf

The recurring image throughout the developing world is one of the disintegration of civil order debilitating leaders into a crisis of governance. Not a day goes by without extensive media coverage of some form of corruption, perceived or real, concerning the lack of productivity and/or increasing incidences of fraud and unethical behavior. An Ethical Turn in Governance: The Call for a New Development Narrative posits that the intensification of this crisis is compatible with the root cause of capitalist modernization with its rapid and disorientating changes. To mitigate the accompanying effects, a call is made for [re]conceptualization of the search for a solution through incorporating and strengthening the value of an ethical consciousness in our thinking and policies of governance. The idea is an urgent possibility, perhaps even a controversial and ambitious proposal, for countriesto begin imagining how it might be brought about and what it would look like. The central aim and objective is to move toward a framework for continued theory development and empirical research, thereby offering a new narrative on governance and, by extension, development. Recognizing that the inclusion of an ethical turn in governance is fraught with difficulty because of the different opinions, the relativism of different value systems, and options identified often derived from the perspectives of various stakeholders, a call is made for an interactive discourse in the public sphere. The argument advanced is that a body politic with sensible social values germane to the policy process is the best way in which human conduct is ordered, guided, and appraised in order to live together in well-functioning societies critical for the success of any democracy.

Kingdom of the Netherlands-Curaçao and Sint Maarten

International Monetary Fund. Western Hemisphere Dept.
Kingdom of the Netherlands Cura ao and Sint Maarten Book PDF

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 94 pages
File Size : 48,9 Mb
Release : 2022-08-11
Category : Business & Economics
ISBN : 9798400214363

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Kingdom of the Netherlands-Curaçao and Sint Maarten by International Monetary Fund. Western Hemisphere Dept. Pdf

The economies of Curaçao and Sint Maarten are recovering from the pandemic but facing multiple challenges, including spillovers from the war in Ukraine. Curaçao was in a protracted recession even before the pandemic due to spillovers from the Venezuelan crisis. Sint Maarten needs to fully recover not only from the pandemic, but also from the devastating 2017 hurricanes.

Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration

Abdullah Al-Hassan,Mary E. Burfisher,Mr.Julian T Chow,Ding Ding,Fabio Di Vittorio,Dmitriy Kovtun,Arnold McIntyre,Ms.Inci Ötker,Marika Santoro,Lulu Shui,Karim Youssef
Is the Whole Greater than the Sum of its Parts Strengthening Caribbean Regional Integration Book PDF

Author : Abdullah Al-Hassan,Mary E. Burfisher,Mr.Julian T Chow,Ding Ding,Fabio Di Vittorio,Dmitriy Kovtun,Arnold McIntyre,Ms.Inci Ötker,Marika Santoro,Lulu Shui,Karim Youssef
Publisher : International Monetary Fund
Page : 79 pages
File Size : 41,5 Mb
Release : 2020-01-17
Category : Business & Economics
ISBN : 9781513525860

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Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration by Abdullah Al-Hassan,Mary E. Burfisher,Mr.Julian T Chow,Ding Ding,Fabio Di Vittorio,Dmitriy Kovtun,Arnold McIntyre,Ms.Inci Ötker,Marika Santoro,Lulu Shui,Karim Youssef Pdf

Deeper economic integration within the Caribbean has been a regional policy priority since the establishment of the Caribbean Community (CARICOM) and the decision to create the Caribbean Single Market and Economy (CSME). Implementation of integration initiatives has, however, been slow, despite the stated commitment of political leaders. The “implementation deficit” has led to skepticism about completing the CSME and controversy regarding its benefits. This paper analyzes how Caribbean integration has evolved, discusses the obstacles to progress, and explores the potential benefits from greater integration. It argues that further economic integration through liberalization of trade and labor mobility can generate significant macroeconomic benefits, but slow progress in completing the institutional arrangements has hindered implementation of the essential components of the CSME and progress in economic integration. Advancing institutional integration through harmonization and rationalization of key institutions and processes can reduce the fixed costs of institutions, providing the needed scale and boost to regional integration. Greater cooperation in several functional policy areas where the region is facing common challenges can also provide low-hanging fruit, creating momentum toward full integration as the Community continues to address the obstacles to full economic integration.

St. Vincent and the Grenadines

International Monetary Fund. Western Hemisphere Dept.
St Vincent and the Grenadines Book PDF

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 105 pages
File Size : 41,5 Mb
Release : 2022-11-17
Category : Business & Economics
ISBN : 9798400225505

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St. Vincent and the Grenadines by International Monetary Fund. Western Hemisphere Dept. Pdf

St. Vincent and the Grenadines is recovering from the pandemic and 2021 volcanic eruptions. Despite the authorities’ strong efforts to contain deficits, critical fiscal responses to these shocks pushed up public debt, which—while assessed as sustainable—remains at high risk of distress should future shocks materialize. The economy is projected to grow by 5 percent in 2022, supported by large-scale investment projects and recoveries in tourism and agriculture. Surging commodity prices, fueled by Russia’s war in Ukraine, are expected to raise inflation sharply to 5.8 percent in 2022, adding to fiscal and external pressures and weighing on the recovery. So far, the financial system has weathered the shocks relatively well. The outlook is subject to significant downside risks primarily from an abrupt slowdown in trading partners’ growth, potential delays in investment projects including due to supply chain disruptions, and the ever-present threat of frequent natural disasters.

Excerpt: Unleashing Growth and Strengthening Resilience in the Caribbean

Mr.Krishna Srinivasan,Ms.Inci Ötker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne
Excerpt Unleashing Growth and Strengthening Resilience in the Caribbean Book PDF

Author : Mr.Krishna Srinivasan,Ms.Inci Ötker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne
Publisher : International Monetary Fund
Page : 33 pages
File Size : 49,6 Mb
Release : 2017-09-29
Category : Business & Economics
ISBN : 9781484322154

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Excerpt: Unleashing Growth and Strengthening Resilience in the Caribbean by Mr.Krishna Srinivasan,Ms.Inci Ötker,Ms.Uma Ramakrishnan,Mr.Trevor Serge Coleridge Alleyne Pdf

This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.

St. Vincent and the Grenadines

International Monetary Fund. Western Hemisphere Dept.
St Vincent and the Grenadines Book PDF

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 75 pages
File Size : 55,9 Mb
Release : 2017-12-21
Category : Business & Economics
ISBN : 9781484334997

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St. Vincent and the Grenadines by International Monetary Fund. Western Hemisphere Dept. Pdf

This 2017 Article IV Consultation highlights that growth in St. Vincent and the Grenadines in 2017 is expected to remain relatively flat. The current account deficit is expected to narrow reflecting additional profit repatriation by telecommunication companies. The domestic banking system remains stable, but credit to the private sector has been flat. The fiscal situation is projected to worsen substantially in 2017 owing to a projected decline in tax revenue after exceptional receipts in 2016 and higher outlays for transfers, subsidies and public investment. Growth is expected to pick up to 2.1 percent in 2018 and reach its potential over the medium-term.

Regional Economic Outlook, April 2018, Western Hemisphere Department

International Monetary Fund. Western Hemisphere Dept.
Regional Economic Outlook April 2018 Western Hemisphere Department Book PDF

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 134 pages
File Size : 44,6 Mb
Release : 2018-05-11
Category : Business & Economics
ISBN : 9781484339879

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Regional Economic Outlook, April 2018, Western Hemisphere Department by International Monetary Fund. Western Hemisphere Dept. Pdf

The world economy and global trade are experiencing a broad-based cyclical upswing. Since October 2017, global growth outcomes and the outlook for 2018–19 have improved across all regions, reinforced by the expected positive near-term spillovers from tax policy changes in the United States. Accommodative global financial conditions, despite some tightening and market volatility in early February 2018, have been providing support to economic recovery. Higher commodity prices are contributing to an improved outlook for commodity exporters. The US and Canadian economies posted solid gains in 2017 and are expected to grow above potential in the near term. Despite the improved near-term outlook, however, medium-term prospects are tilted downwards. Growth prospects for advanced economies are subdued and many emerging market and developing economies are projected to grow in per capita terms more slowly than advanced economies, raising concerns about income convergence. While risks appear broadly balanced in the near term, they skew to the downside over the medium term, including a possible sharp tightening of financial conditions, waning popular support for global economic integration, growing trade tensions and risks of a shift toward protectionist policies, and geopolitical strains.

Application of Intelligent Systems in Multi-modal Information Analytics

Vijayan Sugumaran,Zheng Xu,Huiyu Zhou
Application of Intelligent Systems in Multi modal Information Analytics Book PDF

Author : Vijayan Sugumaran,Zheng Xu,Huiyu Zhou
Publisher : Springer Nature
Page : 815 pages
File Size : 53,6 Mb
Release : 2020-07-23
Category : Technology & Engineering
ISBN : 9783030514310

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Application of Intelligent Systems in Multi-modal Information Analytics by Vijayan Sugumaran,Zheng Xu,Huiyu Zhou Pdf

This book presents the proceedings of the 2020 International Conference on Intelligent Systems Applications in Multi-modal Information Analytics, held in Changzhou, China, on June 18–19, 2020. It provides comprehensive coverage of the latest advances and trends in information technology, science and engineering. It addresses a number of broad themes, including data mining, multi-modal informatics, agent-based and multi-agent systems for health and education informatics, which inspire the development of intelligent information technologies. The contributions cover a wide range of topics such as AI applications and innovations in health and education informatics; data and knowledge management; multi-modal application management; and web/social media mining for multi-modal informatics. Outlining promising future research directions, the book is a valuable resource for students, researchers and professionals, and a useful reference guide for newcomers to the field.

Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis

Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel
Resolving Nonperforming Loans in Sub Saharan Africa in the Aftermath of the COVID 19 Crisis Book PDF

Author : Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel
Publisher : International Monetary Fund
Page : 85 pages
File Size : 47,6 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781513576510

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Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis by Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel Pdf

Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.

Global Waves of Debt

M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Global Waves of Debt Book PDF

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 40,9 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

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Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

How to Assess the Benefits of Nonperforming Loan Disposal in Sub-Saharan Africa Using a Simple Analytical Framework

Irina Bunda,Luc Eyraud,Zhangrui Wang
How to Assess the Benefits of Nonperforming Loan Disposal in Sub Saharan Africa Using a Simple Analytical Framework Book PDF

Author : Irina Bunda,Luc Eyraud,Zhangrui Wang
Publisher : International Monetary Fund
Page : 23 pages
File Size : 41,5 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781513583099

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How to Assess the Benefits of Nonperforming Loan Disposal in Sub-Saharan Africa Using a Simple Analytical Framework by Irina Bunda,Luc Eyraud,Zhangrui Wang Pdf

The coronavirus (COVID-19) crisis, which has hit financial systems across Africa, is likely to deteriorate banks’ balance sheets. The largest threat to banks pertains to their loan portfolios, since many borrowers have faced a sharp collapse in their income, and therefore have difficulty repaying their obligations as they come due. This could lead to a sharp increase in nonperforming loans (NPLs) in the short to medium term.

The Japanese Banking Crisis of the 1990's

Mr.Akihiro Kanaya,Mr.David Woo
The Japanese Banking Crisis of the 1990 s Book PDF

Author : Mr.Akihiro Kanaya,Mr.David Woo
Publisher : International Monetary Fund
Page : 48 pages
File Size : 48,7 Mb
Release : 2000-01-01
Category : Business & Economics
ISBN : 9781451842401

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The Japanese Banking Crisis of the 1990's by Mr.Akihiro Kanaya,Mr.David Woo Pdf

For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.