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.

Read more: http://www.caribbean360.com/news/imf-debt-relief-hurricane-hit-barbuda-might-not-happen#ixzz4sTk3Fvu0

You might also like More from author