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.
PROVIDENCIALES, Turks and Caicos Islands, May 24, 2017 – It is time for the Caribbean Region to think big about its small economies, says Deputy Chief Economist for Latin America and the Caribbean at the World Bank, Dr. Daniel Lederman. Further, small economies can be successful by being open and nimble. Lederman delivered the 18th William G. Demas Memorial Lecture, which took place in Providenciales, Turks and Caicos Islands on May 23, 2017, ahead of the start of the Annual Meeting of the Board of Governors of the Caribbean Development Bank (CDB).
Lederman, joining a distinguished roster of speakers who have delivered the Lecture, spoke on the topic, ‘Thinking Big about Small Economies: From ‘Open and Nimble’ to Talented Workforce’.
The Deputy Chief Economist noted that the characteristic of being small helps ameliorate the volatility caused by fluctuations in global demand for specific goods and services.
As the current Chairman of the Caribbean Community (CARICOM), President Granger said the regional body is a willing ally in the ‘just’ war against terrorism and extremism.
Riyadh, Saudi Arabia (Ministry of the Presidency, May 21, 2017) – President David Granger, (on Sunday), said that global partnerships to combat terrorism cannot exclude small states, since conflict between and within such states, or between a small state and other states, can endanger the peace of all countries.
The Head of State, who was at the time speaking on the side lines of the Arab-Islamic-American Summit in Riyadh, Saudi Arabia, said that the majority of the states of the world can be described as small states and, as such, the world cannot be made secure without addressing the threats faced by those countries. “The international community, therefore, must be encouraged to work towards the establishment of a global security system, which would provide protection for small and large states,” the President said.
The Guyanese Leader added that small states like Guyana, lacking the means to combat transnational threats, such as terrorism, must be able to rely on the protection afforded through international cooperation, multilateralism and international law. Small states, he noted, lack the capability to effectively combat transnational security threats on their own and also face environmental threats, such as the adverse effects of climate change and natural disasters, which can have implications for their security. (more…)
The new chairman of the World Bank’s Small States Forum, Prime Minister of Grenada, Dr. the Rt. Hon. Keith Mitchell, presented his vision for the Forum’s future at the ‘Small States Engagement Update 2017′ held on April 20, 2017, in Washington, D.C. Prime Minister Mitchell outlined the agility of Small States and the need for a change in narrative where small size is not seen as a disadvantage but as a distinct advantage.
The 2015 Paris Agreement (COP21) and the Sustainable Development Goals (SDGs) have shifted the World’s trajectory as it relates to the importance of the role that Small States occupy. Dr. Mitchell noted that some islands have up to 1,000 times more space at sea than they do on land and, as a result, have been at the forefront of the SDG 14 on oceans.
The Grenadian Prime Minister also remarked on the potential for Small States in areas such as the Blue Economy, renewable energy and technology.
“In the Pacific they have created ‘the OPEC of Tuna Fisheries,’ and the ‘Pacific Possible’ initiative seeks new opportunities beyond fisheries.”