Climate Debt Pause: Grenada's Response to Natural Disasters

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This chapter highlights Grenada's activation of a climate debt pause clause due to Hurricane Beryl, enabling the suspension of bond interest payments. It examines the significance of such clauses in protecting small island nations from debt crises linked to natural disasters and the call for broader adoption among countries facing climate-related risks.

French authorities detain Telegram’s chief executive as part of a content moderation investigation, which has reignited the debate about free speech online. Plus, oil prices reached a two-week high as Libya says it is shutting down oil production, and Grenada triggers a first-of-its-kind ‘hurricane clause’ to pause its debt repayments.

Mentioned in this podcast:

Oil hits 2-week high after Libya says it will shut down crude exports

Grenada triggers ‘hurricane clause’ to suspend bond payments

Telegram says detained founder Pavel Durov has ‘nothing to hide’

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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