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Lifestyle Health

Hurricanes Are Trapping Small Island Nations in Ever-Worsening Spirals of Debt

Damage from tropical storms like Beryl saddles islands with debt, which they have no hope of clearing before the next storm hits.

By: Wired

Jul 14 2024
43
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Hurricanes Are Trapping Small Island Nations in Ever-Worsening Spirals of Debt

By the time Beryl arrived, Grenada had already spent 20 years recovering from Hurricane Ivan (2004), a disaster that cost a staggering 200 percent of GDP and precipitated a debt crisis. In neighborin… [+2684 chars]

Hurricanes Are Trapping Small Island Nations in Ever-Worsening Spirals of Debt

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