Economy & Business - October 2022

*** CARBON CREDITS FOR DEBT. On 20 September, International Monetary Fund (IMF) Managing Director Kristalina Georgieva told the New York Times Climate Forward event that carbon credits could be a way of reducing debt for Caribbean nations. She said: “What do we do in a world where crisis upon crisis has lifted debt burdens on developing countries, and at the same time they are being hit by climate shocks? I do believe it is very important to think about finding a solution that marries these two problems.”