IMF Debt Relief For Hurricane-Hit Barbuda Might Not Happen
A senior official from the International Monetary Fund (IMF) has all but poured cold water on suggestions that Barbuda should be granted temporary relief from paying its debt to the Washington-based financial body.
Barbuda, which was ravaged by Hurricane Irma a week ago, currently owes the IMF an estimated $3 million debt. Jubilee USA, an interfaith group, has written to the Fund’s Managing Director Christine Lagarde requesting that payment be put on hold until the island can recover.