Amazon.com description: Product Description: Commonwealth small and vulnerable economies (SVEs) are inherently vulnerable to exogenous shocks and face high debt burdens, yet the adequacy and scope of the policy response by international institutions to address their debt and other financing issues has not fully met or supported their development needs.

This book provides comprehensive, in-depth reviews of concessional finance, the design of loans, shock facilities and other instruments used to support developing countries in times of crisis, and analysis concerning SVE debt sustainability. The analyses and discussion are further supported by primary data collected in Commonwealth countries in the Caribbean, Africa and Pacific regions.

This publication is essential reading for anyone working towards the reforms that are essential to ensuring that international financing mechanisms effectively meet the unique needs of small and vulnerable economies.