As Barbuda, part of the Caribbean island nation of Antigua and Barbuda, reels from having almost the entirety of its infrastructure and 95% of its homes destroyed due to Hurricane Irma, the International Monetary Fund (IMF) has rejected a moratorium proposal to discuss the island's US$3 million dollar debt.
Antigua And Barbuda
The Bolivarian Alliance of the Peoples of Our America (ALBA) is an anti-imperialist trading bloc first formed by the left-wing governments of Venezuela and Cuba to promote trade on the basis of solidarity rather than competition. It has since expanded to include Bolivia, Ecuador, Nicaragua, Dominica, Antigua and Barbuda, St Vincent and the Grenadines, Saint Lucia, Grenada and Saint Kitts and Nevis. Honduras was an ALBA member, but was forced to withdraw when a 2009 US-backed coup installed a right-wing dictatorship.