CARICOM, UN Chiefs, Heads of Government call for support to build back better in Caribbean

New York, 15 November 2017 – After two back-to-back category five hurricanes swept across the Caribbean two months ago cutting a swathe of destruction, taking lives and impacting livelihoods, recovery costs are estimated at over US$3billion. In some of the most impacted island states recovery needs are equivalent to over 200 percent of countries’ Gross Domestic Product (GDP).

Aiming to mobilise support for affected countries to “build back better” as the first climate-resilient countries in the world, the Caribbean Community (CARICOM), with support from the United Nations Development Programme (UNDP), will hold the CARICOM-UN High-level Pledging Conference: Building a more Climate-Resilient Community on 21 November at UN Headquarters in New York.

Media Representatives are invited to cover the Conference in its entirety as well as a Press Briefing  on 20 November, at 11am.’

 

DETAILS
What: CARICOM-UN High-level Pledging Conference: Building a more Climate-Resilient Community

When/Where: Tuesday November 21, 9am-5:15pm, ECOSOC Chamber, UN Headquarters, NY
CARICOM-UN Conference Opening Session 9-9:45am:

  • CARICOM Secretary-General, Irwin LaRocque
  • UN Secretary-General, António Guterres
  • President of General Assembly, Miroslav Lajčák
  • Prime Minister of Antigua and Barbuda, Gaston Browne
  • Prime Minister of Dominica, Roosevelt Skerrit
  • Chairman of CARICOM, Prime Minister of Grenada, Keith Mitchell
  • Moderator: UNDP Administrator, Achim Steiner

What: PRESS BRIEFING  
When: Monday, November 20, 11-11:45 am
Where: UN SG’s Spokesperson Briefing Room (S-237)
Who:

  • Prime Minister of Antigua and Barbuda, Gaston Browne
  • Prime Minister of Dominica, Roosevelt Skerrit (TBC)
  • UNDP Administrator Achim Steiner
  • Q&A

 

For Media Accreditation at UN headquarters in New York: http://www.un.org/en/media/accreditation/
For full agenda please go to    http://resilientcaribbean.caricom.org
Live webcast:    https://webtv.un.org;   http://caricom.org/ ; http://today.caricom.org/  

Bolstering Resilience for Vulnerable Countries

Chair of the Community, and Chair of the World Bank Small States Forum, Prime Minster of Grenada, Dr. the Rt. Hon. Keith Mitchell
In light of the devastation caused by the recent hurricanes, and the anticipation of more frequent events of a similar nature, the Caribbean Community (CARICOM) and the United Nations Development Programme (UNDP) held an official COP23 Side Event on ‘Bolstering Resilience for Vulnerable Countries Facing Acute Risks and Sustainable Development Challenges’ on Tuesday, 13 November 2017 in Bonn, Germany.

The reality of increased frequency and intensity of natural disasters could exacerbate already high debt levels across the Region, particularly in the absence of development support.

Prime Minister of Grenada, Chair of the World Bank Small States Forum and Chairman of CARICOM, Dr. The Rt. Honourable Keith Mitchell, stressed the severity of the region’s plight using Dominica as an example – still not fully recovered from Tropical Storm Erika, which struck in 2015, the country was devastated by hurricane Maria in September of this year.

Read more at: OECS Press Room

EIB, CDB commit US$24M to post-disaster reconstruction in Caribbean

EIB Vice President responsible for Climate Action, Jonathan Taylor (left) and CDB President, Dr. Wm. Warren Smith (right) sign the agreement in Bonn on November 13, 2017.(Photo via CDB)
EIB Vice President responsible for Climate Action, Jonathan Taylor (left) and CDB President, Dr. Wm. Warren Smith (right) sign the agreement in Bonn on November 13, 2017.(Photo via CDB)

November 13, 2017, BONN, Germany – The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have set up an emergency post-disaster reconstruction financing initiative to help the Region recover from recent hurricane events.

The arrangement will support investments for infrastructure reconstruction projects in the Caribbean in the wake of the recent hurricanes. The new US$24M financing package is an addition to the US$120M Climate Action Framework Loan II signed in May this year, and which remains the EIB’s biggest loan to the Caribbean.

Eligible investments under the new loan will include infrastructure reconstruction, with a focus on “building back better” and integrating climate risk and vulnerability assessments into the projects. This will help reduce the Bank’s Borrowing Member Countries’ vulnerability to future natural disasters and worsening climate change impacts. As well as infrastructure, financing to communities for low-carbon and climate-resilience measures such as improved water resource management are also foreseen.

CDB President Wm. Warren Smith and EIB Vice President responsible for Climate Action, Jonathan Taylor, signed the new agreement during the UN Climate Change Conference (COP 23) in Bonn, Germany. Small Island Developing States is a key theme for the event this year under the Fijian Presidency. Against this backdrop, CDB and EIB presented innovative solutions to climate challenges during an event focusing on climate action in the Caribbean, attended by the Prime Minister of Grenada, Dr. the Rt. Hon. Keith Mitchell, Prime Minister of Saint Lucia, Hon. Allen Chastanet and other stakeholders.

High-level officials during the event hosted by EIB at COP23 on November 13, 2017. From left to right: Dr. the Rt. Hon. Keith Mitchell, Prime Minister of Grenada, Chairman of CARICOM and Chairman of the Board of Governors of CDB; Jonathan Taylor, Vice President, EIB; Dr. Wm. Warren Smith, President, CDB; Hon. Allen Chastenet, Prime Minister of Saint Lucia. (Photo via CDB)
High-level officials during the event hosted by EIB at COP23 on November 13, 2017. From left to right: Dr. the Rt. Hon. Keith Mitchell, Prime Minister of Grenada, Chairman of CARICOM and Chairman of the Board of Governors of CDB; Jonathan Taylor, Vice President, EIB; Dr. Wm. Warren Smith, President, CDB; Hon. Allen Chastenet, Prime Minister of Saint Lucia. (Photo via CDB)
Caribbean Development Bank
The Caribbean Development Bank (CDB), is a regional financial institution which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of the member countries in the Caribbean and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the region (Article 1 of the Agreement establishing CDB). In the Revised Treaty of Chaguaramas, the CDB is recognised as an Associate Institution of CARICOM
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CARICOM Chair begins discussions in Washington

Prime Minster Keith Mitchell at a meeting with World Bank team members responsible for the Caribbean

Chairman of the Caribbean Community (CARICOM), and Grenada Prime Minister, Dr. the Rt. Hon. Keith Mitchell, is currently in Washington DC. for the Small States Forum which he also chairs.

He will also have talks with the International Financial Institutions. This morning, he met with World Bank representatives responsible for the Caribbean.

Other CARICOM Heads of Government and officials are also in Washington  for the discussions and to drum up support, especially, for Member States that suffered severely from the passage of two category five hurricanes recently.

In Washington DC, Prime Minister of Dominica, the Hon. Roosevelt Skerrit engaged Christine Lagarde, Chief Executive Officer of the International Monetary Fund (IMF) on the way forward for his country
In Washington DC, Prime Minister of Dominica, the Hon. Roosevelt Skerrit engaged Christine Lagarde, Chief Executive Officer of the International Monetary Fund (IMF) on the way forward for his country