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