The hurricane-caused devastation in Roseau, capital of Dominica. Photo: Wikimedia CommonsWe 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 ranked the island as at high risk of a debt crisis even before the devastation caused by Hurricane Maria. Now a petition to the World Bank and IMF calls for all lenders to suspend debt payments from countries drastically impacted by hurricanes in recent weeks.
Austerity programmes
Past hurricanes are one of the reasons why Dominica and other Caribbean countries are already heavily indebted. Just two years ago, Dominica was hit by Hurrica…
Read the full article at: http://www.redpepper.org.uk/debt-relief-for-the-hurricane-hit-islands-is-the-least-we-should-do/