(MENAFN – Caribbean News Global)
Peggy Walters, Principal & Founder, Third Voice Communications
By Peggy Walters
The forthcoming G20 ministers of finance meeting can set the stage to relieve and restructure the increasing debt faced by Caribbean countries.
The region welcomes 30 million tourists annually, sustaining 14 percent of the regions jobs and contributing over 15 percent to its gross domestic product. The Caribbean’s small island developing states (SIDS), is one of the most tourism-dependent regions worldwide, with the tourism sector recognised as a key economic driver and foreign-exchange earner for its governments.
Economic fallout
But the global lockdown measures taken to mitigate COVID-19, has acted as a threat multiplier in…
Read the full article at: https://menafn.com/1100501928/Caribbean-countries-need-COVID-19-debt-relief