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Island States Paying Price for Climate Change

July 2, 2021

Island states are increasingly exposed to climate disasters that weigh heavily on public finances.  (iStock by Getty Images/petesphotography)

No country has been spared the effects of changing weather patterns but developing countries–and island states, in particular, are facing the brunt of climate change while not having contributed to its root causes. Prime Minister of Barbados, Mia Mottley, and Madagascar's 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 full event at

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