Monday, May 16, 2016 | 12:58 PM

VICTORIA, Seychelles (CMC) – A report by the London-based Commonwealth Secretariat is warning Caribbean countries if they continue on their current development path, by 2050 they will face unmanageable debt, poor growth, and greater socio-economic problems.

The report, which was launched at the Fourth Global Biennial Conference on Small States in Seychelles, looks at the current policies and trends in six Caribbean countries, namely Bahamas, Barbados, Jamaica, St Lucia, Grenada, Trinidad and Tobago, and Guyana.

Titled, “Achieving a Resilient Future for Small States: Caribbean 2050,” the report makes a 34-year projection across different sectors and shows five out of the six countries would have a debt-to-gross domestic product (GDP) above 100 per cent – dangerous levels if growth continues to lag.

Projections also suggest interest expenditure on debt is likely to sap public finances, reducing funds for development and giving rise to greater socio-economic problems.

http://www.jamaicaobserver.com/latestnews/Debt-warning-issued-for-Ja–Caribbean