This new briefing ‘Don’t owe, shouldn’t pay: The impact of climate change on debt in vulnerable countries‘ analyses the impact of climate change on debt in vulnerable countries, particularly small states.…
• 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…
Deal with private lenders will only reduce debt by 20%. Grenada has reached a deal with private bondholders to reduce debt owed to them by up to half over the…
It’s 10:30 at night and I’m trying a short cut through the grounds of an upmarket hotel in Grenada to get to my much cheaper room on the other side.…
Caribbean nations have publicly called for debt cancellation for the region. This week, the Heads of Government of the Caribbean Community (CARICOM) called for “reparations for native genocide and slavery”.…
The tiny Caribbean island of Grenada, population 100,000, has stopped paying its £560 million debt. On Saturday, as the IMF and World Bank annual meetings got underway in Washington DC,…
