Island states pay the price for climate change

Island states pay the price for climate change

July 2, 2021

Island states are increasingly exposed to climatic disasters which weigh heavily on public finances. (iStock via Getty Images / petesphotography)

No country has been spared the effects of climate change, but developing countries, and island states in particular, bear the brunt of climate change without contributing to its root causes. Barbados Prime Minister Mia Mottley and Madagascar Finance Minister Richard Randriamandranto joined IMF Managing Director Kristalina Georgieva to discuss the effects of natural disasters on their economies and how policies can be designed to help countries adapt to the new climate reality. The podcast is a compilation of excerpts from their discussion. Read the transcript
Watch a webcast of the entire event on IMF.org

Kristalina Georgieva is Managing Director of the IMF, Mia Mottley is Prime Minister of Barbados and Richard Randriamandranto is Minister of Economy and Finance of Madagascar.


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