Caribbean outlines position on concessionary financing

Caribbean outlines position on concessionary financing

Monday, November 23, 2020

Print this page Email A Friend!

GEORGETOWN, Guyana (CMC) — Threats posed by climate change and access to concessional development financing were among issues discussed during a weekend meeting between a senior British government official and the Caribbean Community (Caricom) Secretary General, Irwin LaRocque.

A brief statement issued following the virtual talks between LaRocque and Sir Philip Barton, the UK permanent under secretary of Foreign, Commonwealth & Development Affairs and head of the Diplomatic Service, said that it signalled “the strength of relations between Caricom and the UK”.

“They had fruitful discussions on matters pertaining to COVID-19 including access to vaccines; threat posed by climate change and access to concessional development financing,” the statement said, without giving any further details regarding the outcome of the deliberations.

Caricom countries have in the past called for international financial institutions and development partners to review the criterion for access to concessionary development financing by small developing states.

They have argued that access based on gross domestic product (GDP) per capita was not an adequate measurement since it did not take account of the inherent vulnerabilities of the Caribbean.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon