11:44 am, Mon February 7, 2022

A US congresswoman has passed a bill in the House of  Representatives to support debt relief for Caribbean and other developing countries.

Congresswoman Alexandria Ocasio-Cortez told the Caribbean Media Corporation the measure was passed in the House on Friday as part of  the America COMPETES Act.

The legislation among other things places a moratorium on debt payments.

The World Bank has warned of  a 12 percent increase in the debt burden of  developing countries to a record 860 billion US dollars in light of  the pandemic.

The World Bank said since its Debt Service Suspension Initiative took effect on May 1, 2020 it has delivered 10-point-3 billion US dollars in relief to more than 40  countries.