IMF weighing state-contingent debt for Caribbean, says Lagarde
IMF managing director says fund is re-evaluating lending parameters for Caribbean region
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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