World Bank’s Kim eyes debt-for-resilience swaps

Kim, Jim Yong (World Bank) Oct 2017 from PA 230x150
By Oliver West, Virginia Furness
19 Oct 2017

World Bank president Jim Yong Kim has told Caribbean leaders it is time to think creatively about ways to deal with the region's debt, low growth and the vulnerabilities posed by climate change-provoked disasters. By Lucien Chauvin, Oliver West and Virginia Furness.

Speaking at the World Bank and IMF annual meetings in Washington last week, at the opening of a private meeting with Caribbean heads of government, Kim floated the idea of designing debt-for-resilience initiatives, something the World Bank is already working on with the UN Development Programme.

“We need ...

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