More Action Needed to Resolve Problem Loans in the Caribbean
By Kimberly Beaton and Inci Otker
October 31, 2017
The global financial crisis has left high levels of problem loans in the Caribbean (image: William Potter/iStock by Getty Images).
The global financial crisis and subsequent economic recession saddled banks in the Caribbean with high levels of problem loans. The share of nonperforming loans to total loans more than tripled in many Caribbean countries from 2007 to 2016, and they have been slow to come down. Problem loans (loans that are 90 days or more past due) are bad news for banks and the economy. […]