Mia Mottley

I mean, it goes back to shipping days.

That's the point.

So when uninsurable becomes uninvestable, then the world is going to listen because the financial markets and the financial companies and the finance people of the world are going to say, hey, what's happening here?

Now, Barbados,

We were not the first, but we are the largest with respect to the issuance of commercial paper debt with natural disaster clauses.

I could make this joke here because, you know, you would get it.

We call it natural disaster clauses and then the World Bank and the British and everybody came and gave it new names just as they gave us new names when they brought us across the Atlantic.

Yeah.

But we're accustomed to that.

But these natural disaster clauses simply say this and understand the internal logic.

If I get hit by a hurricane tomorrow of a certain category, not any and every one,

your first thing you're going to worry about if you lent me money, are they gonna pay?

Can they pay me back?

Can they pay me back?

And you price that risk into the cost of the paper that you're charging me.

So I come along and say, hey, you don't have to worry.

I'm going to give you a legal commitment that if you allow me not to pay for two years, well, I get my body strong again, my country strong again.

because I have a lot of uninsured people, which you know about, so the state has to step in.

If you give me that two year break, I'm gonna back it up at the end of the payments.

You remain whole.