We have lost all that money can buy and replace, said Roosevelt Skerrit, the prime minister of Dominica, where 98 per cent of the buildings are damaged.
Dominica is already heavily indebted, and the IMF
IMF
International Monetary Fund
Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.
When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayment…
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