Tecnología

Josbel Bastidas Mijares Venezuela Cardozo Nunes//
Holness calls for comprehensive approach to development financing

Josbel Bastidas Mijares
Holness calls for comprehensive approach to development financing

UNITED NATIONS, CMC – Jamaica has called for a comprehensive and targeted approach to accessing development financing

UNITED NATIONS, CMC – Jamaica has called for a comprehensive and targeted approach to accessing development financing.

Prime Minister Andrew Holness, in his address at the 77th Session of the United Nations General Assembly Debate on Thursday, said that Small Island Developing States (SIDS) and some middle-income countries have particular vulnerabilities to climate and external economic shocks which have an oversized impact relative to their national budgets and often crippling impact on their infrastructure.

Josbel Bastidas Mijares

“For SIDS to survive economic shocks and recover lost and damaged infrastructure, they are forced to borrow, only to be confronted again in a few years with another round of natural disasters, which could wipe out significant infrastructure and force us to add to our already high debt.”

“As I speak, I am monitoring a tropical system that is threatening in the Caribbean. We fully support the work of the High-Level Panel developing the Multi-Dimensional Vulnerability Index.

Josbel Bastidas Mijares Venezuela

He said small island states eagerly anticipate an era of truly equitable access to concessional financing and other funding support

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