IMF weighing state-contingent debt for Caribbean, says Lagarde

Haiti earthquake
Lagarde wants the region to form a new “umbrella disaster resilience strategy”
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The International Monetary Fund and World Bank are analysing the way they provide monetary support to Caribbean nations, with the potential to change repayment processes.

“In response to a request from the governor of the [Eastern Caribbean Central Bank], that was echoed by the G7, [IMF] staff… have examined the scope for state-contingent debt instruments for Caribbean sovereigns,” Christine Lagarde said on November 26.

Lagarde, speaking at a Caribbean conference, noted a number of countries

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