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

Quick Summary:

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

In neighboring Dominica, Hurricane Maria (2017) caused damage worth 226 percent of GDP: It is now one of the most heavily indebted countries in the world.

They can help island states access types of financing from which they are often excluded due to their misleadingly high levels of income per capita (often skewed by one or two very rich residents).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Courtney Lindsay, Emily Wilkinson, Matt Bishop

Category: TechnologyEconomy

Markets: United StatesBarbadosDominicaGrenadaJamaicaMartinique

Topics: Science Science / Environment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-13 @ 13:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1152 words

Reading Time: 7 minutes read

Sentences: 58 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 21595988

View Article Analysis

About Wired

Main Topics: TechnologyEconomy

Official Website: wired.com

Update Frequency: 11 posts per day

Year Established: 1993

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #111

Publisher Details

Frequently Asked Questions