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