How Global Finance Blocks Caribbean Climate Action

In this episode on The LatinNews Podcast, we are joined by Marla Dukharan, economist and advisor on the Caribbean, who discusses the financial challenges Caribbean nations face due to increasing climate disasters, the role of international aid, and potential solutions like insurance and fiscal responsibility.

The conversation delves into the Bridgetown Initiative, which aims to improve access to concessional financing. While acknowledging the initiative's intent, Marla raises concerns about its reliance on debt as a primary solution. She argues that without addressing the underlying fiscal vulnerabilities, such initiatives may fall short in delivering meaningful change.

Marla reflects on the broader shifts in the global financial landscape regarding climate adaptation. She notes the growing recognition of climate issues among international financial institutions, yet stresses that progress is not happening quickly enough.

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