(CARICOM Today) The Caribbean Community (CARICOM) has reiterated its call for international financial institutions to accept that the vulnerability of Small Island and low-lying coastal Developing States (SIDS), should be the main criterion for eligibility for concessional development financing, instead of GDP per capita.
As yet another CARICOM Member State reels from an extreme climate-related disaster, Secretary-General Ambassador Irwin LaRocque has lamented – “How can a country such as The Bahamas, having suffered more than one Billion US Dollars in damages from natural disasters in five years, not be eligible?”
He was speaking earlier today at the Headquarters of the CARICOM Secretariat in Georgetown, Guyana, in a ceremony to accredit a new Ambassador of Finland to CARICOM, His Excellency Pertti Ikonen.
Ambassador LaRocque said studies support the view that for every dollar spent in resilience building, seven is saved in…
