UNITED NATIONS (CMC):

The Caribbean Community (CARICOM) has called for bolder, more innovative solutions to help developing countries get out of the debt trap.

Guyana's Charge d'Affaires to the United Nations, George Talbot, speaking on behalf of CARICOM, told the UN Second Committee that "the pursuit of prudent macroeconomic policies is pre-eminent in the region's efforts to alleviate some of its peculiar challenges".

"Those policies included faster growth with social equity, coping with precipitous loss in effective price and access advantage in preferential markets for major exports, and reducing the level of indebtedness," he said.