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Canada to pause debt repayments for some countries

October 19, 2023

Canada has offered to pause debt repayments for countries hit by natural disasters.

The announcement was made by Canadian Prime Minister Justin Trudeau during a session on climate change as part of the Canada-CARICOM Summit in Ottawa.

In doing so, Canada joins with other international lenders like the World Bank, which has agreed to insert climate clauses in its new loan agreements with countries.

The Bridgetown Initiative, a set of recommendations on debt relief and climate change promoted by Barbados, calls for such climate clauses.

Meanwhile, during a meeting on regional security, it was announced that Canada is to partner with the Barbados-based Caribbean Disaster Emergency Management Agency (CDEMA) to facilitate coordination on regional emergency response.

Prime Minister of Trinidad and Tobago Dr. Keith Rowley meanwhile asked for Canada’s help in assisting countries in stemming the flow of illegal guns and ammunition.

He says in recent times states have seen an explosion in the use of firearms.

Among the areas highlighted through which Canada can assist is with is the training of police officers.

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