Lower income countries which applied for scheme have spent $36.4 billion on external debt payments during the pandemic, and had just $10.9 billion suspended or cancelled Private creditors received the…
• Urgent call for debt relief after one of most devastating hurricane seasons in history • Damage in Dominica from Hurricane Maria estimated at 330% of GDP Representatives of Churches…
The IMF and World Bank have agreed some positive changes to their system for monitoring debts of impoverished countries, though some large issues have been ignored. The system, known as…
As the devastation from recent hurricanes in the Caribbean becomes clearer, the calls for debt relief for affected countries grows stronger. In Dominica, 98% of the buildings are damaged, with…
• Government external debt payments reach highest level in the last decade following commodity price falls and rising value of the US dollar • Figures released before US Federal Reserve…
Commenting ahead of UK Prime Minister David Cameron’s visits to Jamaica and Grenada this week, Tim Jones from the Jubilee Debt Campaign, said: “Jamaica has been burdened by an unpayable…
