ST. JOHNS, Antigua After Hurricane Irma decimated the Caribbean island of Barbuda, Bishop Gabriel Malzaire, president of the Antilles bishops conference, said the country should be given a break from paying its debts while it rebuilds after the storm.
This is not the first disaster of this kind and nor is it likely to be the last in the region, the bishop of Roseau, Dominica, said in a Sept. 14 letter to Christine Lagarde, managing director of the International Monetary Fund. We call upon you to provide the most vulnerable nations of the Caribbean with the option of an immediate stay of payments and automatic debt restructuring in the case of future natural disasters.
Malzaires position is simple: Small governments trying to recover a…
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