New York, 21 November 2017 – In view of the urgent needs of Caribbean islands affected by Hurricanes Irma and Maria, the “CARICOM-UN High-level Pledging Conference: Building a more Climate-Resilient Community ” mobilised a broad partnership to support reconstruction efforts, including through over US$1.3 billion in pledges and over $1 billion in loans and debt relief.
Support derived from nearly 400 high-level representatives from governments, multilateral and civil society organizations and the private sector gathered at UN headquarters today with the Secretaries-General of the United Nations and the Caribbean Community (CARICOM) to help countries to “build back better” as the first climate-resilient countries in the world
— PNUDLAC (@PNUDLAC) November 21, 2017
Recovery costs surpass $5billion, according to the latest needs estimates. In some cases the impact is 3.5 times countries’ Gross Domestic Product (GDP), for example in the British Virgin Islands.The principal economic sectors of tourism and agriculture have been significantly affected, according to assessments made public during the conference, organized by the Caribbean Community (CARICOM) with support from the United Nations Development Programme (UNDP) working with sister UN agencies.
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