PM Rowley promotes debt relief for Caribbean states

Trinidad & Tobago’s Prime Minister, Dr. Keith Rowley, on Saturday told the United Nations that despite the middle and upper-income status of Caribbean economies, there is a strong case for some countries to be considered for debt relief.

He urged the international community to assist with the financial support needed by developing countries.

Dr. Rowley noted that his country's experience in battling covid-19 is a testament that Small Island Developing States should be supported through business activity, financing, international trade as well as technical cooperation.

The United Nations Economic Commission for Latin America and the Caribbean has cautioned that a debt crisis is looming for the economies of Latin America and the Caribbean, which will compound their high debt to GDP and debt service ratios.

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