Hurricanes Are Trapping Small Island Nations in Ever-Worsening Spirals of DebtSmall island nations face a vicious debt-disaster-debt cycle, impacting social spending and development goals.International support is crucial to assist small island developing states in breaking out of the debt-disaster cycle.
A watchdog group targets payday lenders with a 2 strikes' rule to help borrowersPayday loans put borrowers at significant risk due to high interest rates and rollover cycles, leading to long-term financial hardships.