Caribbean food security during COVID-19 can only be ensured through debt relief

Caribbean food security during COVID-19 can only be ensured through debt relief

International border closures, which prompted the near-total shutdown of air and cruise travel to curb the spread of COVID-19, dealt a catastrophic blow to the Caribbean's tourism industry.

By Kasmine Forbes, PhD Candidate, Geography and Planning

May 2, 2021

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A woman shops in the produce section of a Caribbean grocery store
People visit fruit section of a grocery store on Guadeloupe, an island group in the southern Caribbean Sea. (Shutterstock)

The pandemic and global trade disruptions have highlighted the growing vulnerability of Caribbean states when it comes to importing food items. Annually, .

International border closures to curb the spread of COVID-19 meant restricted access to these .

A commissioned by Caribbean governments in April 2020 to explore the impact of the pandemic on regional food security revealed that global border closures increased barriers to food security by augmenting food prices and decreasing income and employment levels. The also revealed that more than half of all respondents experienced income or job loss.

The impact of international border closures on food security

Tourism supports a large percentage of economic activity in the Caribbean. International border closures, which prompted the near-total shutdown of air and cruise travel to curb the spread of COVID-19, dealt a catastrophic blow to .

The decreased spending by tourists, hotel and associated tourism service closures and job losses for community members. Such outcomes translated to , disproportionately affecting vulnerable populations throughout the Caribbean.

All of these factors made many in the coming months, because without money they cannot afford to buy food.

Shopping centre
Pictured is the largest grocery store in San Jose De Ocoa, Dominican Republic. (Shutterstock)

The downward economic spiral

Downward growth spirals across vital economic sectors like tourism prompted Caribbean states to turn to international development institutions such as the and the for emergency loans during the pandemic.

Alicia B谩rcena, executive secretary of the , highlighted concerns back in April, 2020 about the stating 鈥渂orrowing is not the answer to confront this crisis. Caribbean countries need grant support fast. There is need for urgent intervention to ensure liquidity.鈥

According to B谩rcena, . Growing external debt burdens to replace income and ensure social outcomes, like food security, worsened the Caribbean鈥檚 debt to GDP ratio, which averaged .

The growing debt problem

The rising debt burden facing Caribbean states is largely because . The priority for cheap imported food for tourist consumption means that as much as .

While the pandemic disrupted tourism growth, the extreme external . And governments are becoming more responsible for social outcomes like food security.

Over the past 12 months, .

Relative to annual foreign exchange earnings in a thriving island economy, US$1 billion in emergency loans seems immaterial. However, in just paying the interest on external debt accumulated on emergency loans offered by development institutions like the IMF, some Caribbean island states allocate up to .

Small islands, like the 鈥 all while increasing financial support on health spending for COVID tests, treatment, vaccinations, surveillance and protective equipment.

In shifting the responsibility for social welfare from people to the state, COVID-19 is worsening the growing external debt problem across small Caribbean states.

Shopping centre with cars
Coki Point Plaza, a shopping centre in St. Thomas, U.S. Virgin Islands. (Shutterstock)

Food security in the post-Covid-19 economy

In April 2020, Antigua and Barbuda鈥檚 Prime Minister, , like the IMF, for alternative development approaches, he said:

鈥淭he economic burden for our countries has been unsustainable because of the high levels of debt. We don鈥檛 have the capacity for printing money and our policy instruments are very limited. What is required at this point is some level of support from international financial institutions, such as the International Monetary Fund and the World Bank.鈥

Debt relief would improve Caribbean states response to global crises. Less debt means that governments can increase spending on social services that would improve economic conditions to ensure food security. It really is the only solution.

A post-pandemic recovery pathway to ensure Caribbean food security involves the IMF and other development entities recognizing the unsustainable debt situation across Caribbean island states and including the region in considerations extended to other developing countries for .The Conversation

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, PhD Candidate, Department of Geography and Planning,

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