Prime Minister Dr Andrew Holness commanded international attention as he spoke at session one of the Group of 20 (G20) Leadership Summit in Johannesburg, South Africa, on Saturday. He described our country’s economic progress over recent years, then soberly declared: “Yet one external shock can undo years of progress. Hurricane Melissa, a Category 5 storm, has devastated seven parishes, its impact will negatively affect our debt trajectory and the road ahead will be challenging. This is our reality today. But it is also the recurring story of vulnerability told by small island developing states across Caricom”.
“Global partnerships will be essential to our recovery,” he said. “The G20 commitment in 2021 to recycle SDR [special drawing rights] allocations led to the creation of the IMF [International Monetary Fund] Resilience and Sustainability Trust. This facility provides developing countries with relatively low-cost financing and longer maturities. We urge the G20 to preserve and strengthen this mechanism.”
The rage of Hurricane Melissa was brought on by the warming of our oceans, producing steady 185mph winds and a 252mph wind gust, the highest ever recorded on Earth. Even as our little island is controlling the use of single-use plastics and promoting climate responsibility, we are at the mercy of developed countries whose priorities differ.
Therefore, our prime minister has rightfully appealed for “innovative, flexible financing solutions” and called on the G20 “to advance a rules-based, equitable global trading framework that enhances predictability, flexibility, and resilience for small economies.” The sight of our devastated parishes and suffering people calls for a more compassionate and practical solution for the challenges facing small island developing states like Jamaica.
Jamaica Highlights 