
Climate Colonialism 101
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Barbados' Hurricane Clause Could Change the Face of Debt
The prime minister of barbados tied a hurricane claus to the loan agreements. For each huricane claus there's a threshold. And if the disaster is exceeds the threshold, then the debt automatically goes into a period of relief. They don't owe payments for a certain amount of time. It gets tacked on to the end of the period.
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