ECCB’s Public Expenditure Review Commission approves management of government finances

The Commission is meeting member territories to sensitize them on public finances and to make recommendations on the way forward.

“There are a lot of success stories about Dominica. Amongst the target area we are looking at Dominica has the lowest cost of debt, I think it’s about 2% or 3%. You were not always like that. There were times when your cost of debt when you borrowed on Trinidad and Tobago market was all like 10% and 11% percent but you have done something about it,” he said.

Meantime he says the debt level of many of the ECCB member states should be cause for concern.

“One of our members has the highest debt levels in the world. St Kitts is 150 percent of GDP,” he said.

 

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