Commonwealth finance ministers urged to change rules to make it easier to access funds
In a powerful intervention at the Commonwealth Finance Ministers Meeting (CFMM) in Washington DC, the prime minister of Saint Lucia called for the rules to be changed so countries affected by natural disasters could access funds more quickly.
Over the past few weeks the Caribbean has been battered by three category five hurricanes which have left devastation in their wake. Parts of South Asia have faced floods, leading to hundreds of deaths. In Africa, Commonwealth member states have had to contend with the dual perils of mudslides and desertification.
Speaking after the meeting at the headquarters of the International Monetary Fund (IMF) Saint Lucia’s prime minister, Allen Chastanet said, “While we’ve been theorising about the impact of climate change, this summer and other summers previously, we have seen in reality what it means. It requires us to accept the fact that some of our economies are going to be wiped out. We’re having to deal with the reality that our future is not within our control. Full Story