SIDS call for more solutions to climate change and debt burden – NationNews Barbados – nationnews.com
St John’s – The President of the United Nations General Assembly (UNGA), Abdulla Shahid, has called for a solution to the long-standing debt burden faced by Small Island Developing States (SIDS).
Addressing the two-day SIDS conference which ended in the capital of Antigua and Barbuda on Tuesday, Shahid said SIDS faced several situations that were not of their making, ranging from the impact of climate change to that of debt consolidation.
He said the debt situation “leads us to borrow at high rates, which in turn contributes to increasing debt in a vicious circle” with a crisis that worsens the debt burden.
“The need for a long-term solution to the debt crisis we face is indeed critical,” he said. “The debts faced by SIDS around the world are unsustainable and immoral.
“To remedy this, global financial systems must be streamlined, so that future debt servicing takes into account the vulnerabilities faced by countries in special situations and the impact of onerous debt in their efforts to better recover.
“We know there is no one size fits all as we strive to get back on track to meet the SDG (United Nations Sustainable Development Goals) targets, we need to be aware of the limitations of measures of traditional development.”
Shahid said SIDS continue to pay the ultimate price for problems they did not cause in the first place, referring to the impact of climate change on these developing countries.
“I take this opportunity to stress the need to ensure that SIDS remain a priority for the international community, including partner governments at the United Nations,” he said.
“We need unity and solidarity to rebuild and prioritize the long-term recovery of our islands.”
Shahid said that currently one-third of SIDS’ 65 million people live on land five meters above sea level, making them extremely vulnerable to rising sea levels. sea.
“In my own country, the Maldives, a nation made up of 1,192 low-lying islands, this threat is a daily reality,” he said. “The vulnerability of SIDS to the climate crisis goes beyond the impact on our environment.”
Earlier, Antigua and Barbuda Foreign Minister Chet Greene said that with seven more years to go until the SDGs are concluded, there are still several challenges facing SIDS.
The Antigua and Barbuda conference provides an opportunity for delegates to consider the issues that hinder their sustainable development.
It is organized by the Alliance of Small Island States (AOSIS) in partnership with the governments of Denmark and the United Kingdom.
It is presented as an event-driven springboard for achieving the Sustainable Development Goals in SIDS.