Caribbean leaders say a financial bailout offered to some of the world’s poorest countries this week by the International Monetary Fund to help cushion the economic blow of the coronavirus pandemic doesn’t go far enough — and stressed that they, too, are in desperate need of a rescue.
On Monday, the International Monetary Fund announced that it was canceling six months of debt payments, totaling $215 million, from 25 nations. Haiti, which gets to keep about $4.8 million, was the only Caribbean nation to make the cut along with Afghanistan, Yemen, Sao Tome, Solomon Islands, Nepal and mostly war-torn African countries.
“Up until now, there is no rescue plan for the Caribbean and we need a rescue plan,” said Antigua and Barbuda Prime Minister Gaston Browne. “This