Home Regional News Managing Director of the International Monetary Fund (IMF) Christine LeGarde, Has Disclosed...

Managing Director of the International Monetary Fund (IMF) Christine LeGarde, Has Disclosed That The Financial Institution Is Ready To Stand With Those Who Have Been Affected By Recent Hurricanes Irma & Maria.

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By Mina Booker

Highlighting her recent experience to devastated Dominica Le Garde alluded to Emergency Relief being a responsibility of the global community.

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It is in This regard that the IMF made the pledge to  assist saying, “The IMF stands ready to do whatever it can to help in these situations—in assessing macroeconomic implications, determining financing needs, and providing financial support that would also help catalyze broader financing from the rest of the international community.”

The proposal further stemmed from LeGarde who stressed the relevance of convening an event with all the major public and private stakeholders to explore options for building resilience in the region. The Discussion she said must include, ” risk mitigation, debt management strategies, and use of catastrophe bonds. ”

Furthermore, the IMF Managing director said the organization “will work in close collaboration with our Caribbean partners and the World Bank, the Inter-American Development Bank, the Caribbean Development Bank, and other development partners.”

Offering her Sympathy to those who were affected at the IMF 2017 High-Level Caribbean Forum held at the Jamaica Pegasus, LeGarde advocated for the  the need to strengthen its resilience in the Caribbean.

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