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Showing posts from May, 2020

Distressed Caribbean Countries Face a Dilemma: They’re Too Rich

Bloomberg For Caribbean nations such as Suriname, Belize and Barbados, the pandemic hasn’t just shut down local economies. It’s also led some investors to worry about how they’ll repay their bonds. Unlike eight regional nations including Haiti, Honduras and Nicaragua that may qualify for a global debt relief initiative backed by the Group of 20, average incomes of the three make them ineligible. In other words, they’re too rich.