When the Hurricane Hits, Should the Debt Stop? Climate-Resilient Debt Clauses in the Caribbean
By: Natalya Kitchin For many Caribbean countries, a major hurricane can worsen existing financial pressures and, in some cases, lead to a broader fiscal crisis. Government revenues may fall at the same time that emergency spending rises sharply. Roads, ports, schools, hospitals, and homes may need immediate repair, while existing sovereign debt obligations continue to […]

