Marshall Islands

Minister of Finance, Camillo Gonsalves says a December 2 Bloomberg News Wire report falsely suggests that the International Monetary Fund (IMF) says this country is on the brink of ‘economic collapse’. 

 “Nowhere in the IMF blog post cited by Bloomberg does IMF managing director Kristalina Georgieva mention SVG. Not once; look it up,” Gonsalves commented to SEARCHLIGHT on Monday.  

 The comment was in reference to an article on BNN Bloomberg written by Ana Monteiro with the headline, “IMF Warns of Economic Collapse in Poor Nations Without Debt Fix.” 

During a Nov. 9 side event at the United Nations climate change summit in Glasgow, Natural Resources, Labour and Immigration Minister Vincent Wheatley took the podium to describe how the Virgin Islands is preparing for a future that may be defined by climate catastrophe.