Repeated Call For Multidimensional Vulnerability Index – CARICOM Business
Barbados’ PM Mia Mottley has repeated her call for a Multidimensional Vulnerability Index to replace the historic per capita income criteria. A multidimensional vulnerability index will allow for the inclusion of more than just income-based criteria to assess eligibility for concessionary finance.
Ms. Mottley made the appeal while speaking virtually at the 20th Session of the High-Level Committee on South-South Cooperation at the UN. She stressed that the per capita income measurement was unfairly applied in many instances to small island developing states, which were on the frontline of different levels of vulnerabilities, namely financial, social, and environmental.
Extract from CARICOM BUSINESS Vol. 4 No. 22
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