Tourist-Rich Islands Eschew GDP as Metric to Win Access to Aid
- China has pumped more than $13 billion into region since 2010
- Many islands are too rich to get aid, too small to sell bonds
This article is for subscribers only.
A group of wealthy Caribbean nations is trying to shake up global finance in a way that would cut dependence on China and boost their access to funding.
Antigua and Barbuda Prime Minister Gaston Browne is leading a campaign for the United Nations to adopt a metric that measures economic fragility, which would potentially open the door to new funding.