Climate disasters will send many countries into a debt spiral—but there's a way out

PHYSorg
Nov 12, 2025, 10:06 am67 pts
After years of disciplined reform and painful sacrifice, Jamaica had done what few global debt specialists thought possible. Through tough and sometimes controversial spending cuts and fiscal discipline, it slashed its debt from a staggering 150% of GDP in 2013 to just 62% by 2024.

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