Resource information
The high levels of public debt and
persistent fiscal deficits limit Organization of Eastern
Caribbean States (OECS) governments' ability to pursue
counter-cyclical fiscal policies during future economic
downturns, leaving private investment as the key driver of
future growth. This study on private sector financing in the
OECS analyzes the issue of access to finance from three
different angles: the demand side; the supply side; and the
enabling environment. It is not possible to fully analyze
problems of access to finance without a broad approach.
Demand side, supply side and the enabling environment are
jointly analyzed in this study to identify key measures that
could be applied in order to improve the enabling
environment, create better opportunities for business growth
and innovation (diversification), and place financial sector
institutions in a position to provide finance, especially to
SMEs, in a sustainable way.
