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Economist urges govt to consider IMF facility related to climate change

Bahamian economist Therese Turner-Jones is urging the Davis administration to consider accessing an International Monetary Fund (IMF) facility that provides concessional financing to help countries strengthen their resilience to climate change.Turner-Jones, who made the comments while on the radio talk show Strictly Speaking on Guardian Radio 96.9 FM, said the Resilience and Sustainability Facility differs from traditional IMF adjustment programs, which governments have often avoided because participation could be interpreted as an admission that their finances are in crisis. [...]