19/05/20

BARBADOS: PM calls for debt relief for Caribbean in pandemic.

As published on brecorder.com, Monday 18 May, 2020.

GENEVA: Barbados Prime Minister Mia Mottley said on Monday that the Caribbean bloc Caricom states need a restructuring of debt or a debt moratorium to “provide certainty to both borrower and lender" during the pandemic.

Mottley, addressing the World Health Organization's annual assembly being held virtually, warned that without debt relief there could be a “disorderly unravelling" that will create a crisis both within countries and the global financial system.