debt relief
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Barbados renews call for debt relief for the Caribbean
BRIDGETOWN, Barbados (CMC)– Barbados Wednesday renewed a call for an international debt relief programme for developing countries like those in the Caribbean saying it was not enough to speak “almost disparagingly” about the debt situation. Finance and Economic Affairs Minister Chris Sinckler addressing the 11th annual meeting of the group of Latin America and Caribbean debt management specialists (LAC Debt Group)…
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CARICOM considers debt relief proposal
KINGSTON, Jamaica (JIS) – Caricom is considering a proposal for the region to pursue gradual write-off of its multilateral debt as a means of economic prosperity. The debt relief strategy was put forward by the Economic Commission of Latin America and the Caribbean (ECLAC), at the 36th Regular Meeting of the Heads of Government of the Caribbean Community, held recently…
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Top ECLAC official calls for debt write-off for CARICOM states
BRIDGETOWN, Barbados, Friday July 3, 2015– Caribbean leaders appear to be giving serious consideration to making a proposal requesting the gradual write-off of billions of dollars in external debt. The issue was raised by Executive Secretary of the UN Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena at a high-level meeting this morning that preceded yesterday’s official opening…
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CARICOM wants to use China’s US$3 billion for debt restructuring
BEIJING, China — The 15-nation Caribbean Community (Caricom) hopes to tap into US$3 billion being offered that China is offering the region to help restructure its debt because the classification of many countries as Middle Income makes it difficult for them to access and pay back cash on concessionary terms. A proposal to acquire funds from China’s $3 billion dollar…
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